Sole Proprietorship Vs. General Partnership

Discussion in 'Growing and Managing a Business' started by mr_neon, May 30, 2013.

  1. mr_neon

    mr_neon
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    Hi! I'm going to register a business soon but I'm at a road stop between these two types of businesses.
    I want to alleviate some of the liability pressure and bring in another partner, but at the same time I still want 100% ownership in my company.

    Is it possible to register the business as DBA - General Partnership and still have one partner own 100% of the company?

    I want full control of my company because it's my baby and I want to make all of the final decisions.

    To elaborate, there are no limits to how the equity is divided when registering. Will that pose a problem as far as who has more control or power later on in the game?
     
    #1 mr_neon, May 30, 2013
    Last edited: May 30, 2013
  2. Fergal

    Fergal
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    Welcome to Business Advice Forum mr_neon, thanks for joining and posting your business questions.

    What country or state would you be setting the business up in?
     
  3. mr_neon

    mr_neon
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    I will be setting up a business in California, USA.
     

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