I been running a startup as a partnership since April of this year, my partner and I have slowly but surely gotten to the point where we can not work together anymore. I believe if we continue to work together one of us is going to lose it at some point. We just can't get along with each other, so I think it's best if we dissolve the partnership and go our separate ways.
My questions:
Thank you, please feel free to offer any other suggestions in regards to my situation. As a note we both own exactly half of the partnership (50/50 split).
Your partnership agreement really should have left no doubt what's to be done at this point, if it's any good.
Does your partner feel the same way? Unless you are in agreement about dissolving the partnership, as per your agreement about the partnership surviving the partners, you really both need to agree to dissolve it.
Depending on the wording. If you want to dissolve, and he doesn't, you are just leaving the partnership, and he stays with the company, meaning you would be giving up rights to the games, and any revenues.
Does your partnership agreement cover who owns the intellectual property? It should!
Talk it out with your partner, you can likely come up with a compromise on most of these points. If you can't agree, get a lawyer to interpret the partnership agreement for you.
As far as the state is concerned, a partnership is nearly a non-entity, so all you have to do is stop doing business, and the partnership is dissolved.