Business agreement

I invested 12,000 dollars upon buying a boat with a good friend who has a Co. for buying and selling boats. I was supposed to get part of the profit from the boat or my money back. The only proof of buying this boat was my check I wrote and on the bottom of the check, wrote loan. As you can guess I'm still trying to get my money back, been 2 yrs. Do I have a chance of getting my money back. If so, tell me how.

You state that you "invested" $12,000 in your friend's business and you were supposed to get a part of the profit, but on your check you wrote "loan". Which is it, an investment or a loan? If it is an investment, than your money is at risk. It is an opportunity to make money, but you risk taking a loss. If it is a loan, then you do not get a share in the profits, only repayment of your loan amount. If it was a loan, then both parties have to have an agreement about the loan and the terms of repayment. If the agreement is that you will be repaid from the re-sale of the boat you bought, but the boat didn't sell, then the terms of your agreement has not been met yet.

Although, if it was written on the check "loan", it is not likely that your friend can claim it was an investment and a judgement may be made in your favor.