If you are not well versed in company structures, than maybe you really loose control. But that depends of you. In a LLC/LIMITED company you as shareholder/mem

If you are not well versed in company structures, than maybe you really loose control. But that depends of you. In a LLC/LIMITED company you as shareholder/member of the company, decide of your structure. So if you do decide that you give up some shares/interest to the investors, then that can be the reason why you would loose the control. But even if you give up all the shares, by means of controlling the initial articles of organization and operating agreement, you can still remain in full control as manager/director of the company. In case of Limited Partnerships that issue is even better regulated from beginning, as Limited Partnership consists of one or more General Partners who are managers of the business and one or more Limited Partners who are usually investors, but cannot manage the business and often cannot even replace the General Partners. The issue is simple. What you decide is what you get in the end.