You close both down, and pay up the tax owed, then open another business and start a fresh.
Someone has already said that your still liable for all the tax if the partner does not pay, |I m8 of mine got stung 11k from a partnership
i thought that this would be the easiest way... i'm not worried about him not paying his fair share this would never be an issue, i have worked with him on a very regular basis for 8 years now, never a cross word and i've know him all my life (best buddies if ya like) and i'd trust him with my life so that really isnt an issue, i would be sceptical if i diddnt know him that well but we are both thinking share costs, van, fuel, equipment etc....
what are the disadvantages of VAT registered