Is 35 percent equity in a partnership, enough equity to offer someone financing 100 percent of the business?

Question

Is 35 percent equity in a partnership, enough equity to offer someone financing 100 percent of the business?

Answer

If you are the general partner of a limited partnership, or the managing general partner of a general partnership, you MAY have the authority to do this BUT most partnership agreements require a much higher (sometimes unanimous) consent for what are called "major" decisions. If you have no partnership agreement and this is just a general partnership, generally not unless there is something unusual about the arrangement. Other factors could change these thoughts.