Points we are considering:
1. We have invested in the brand name already and current brand has a good following. The potential partner is willing (or prefers) to use the same brand.
2. We are willing to partner but only for this particular branch. Branches built before this will be under the sole proprietorship.
3. Branch is already under construction and has obtained the necessary permits and documents under the sole proprietorship.
4. We are really keen on bringing in the partner because their funds will enable us to construct a better, more marketable branch.
Do we create a Partnership? What are the complexities of partnering only for a particular branch?
Would a side agreement be enough and keep the sole proprietorship?