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Are you looking to get a Shared hosting account or Reseller hosting account?
If you get a shared hosting account, you can add domains or create subdomains on your control panel and make their FTP account only to access their hosting dir. Although if they wanted to have a MySQL Database, then you would have to give them access to your main control panel.
If you get a Reseller account, you can give them separate hosting accounts where they have full control over everything on their account.
If you're going to do something like this, then get a Reseller account.
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