You should make sure that this guy has a retail wholesale license and you may need to get one as well as a manufacture. Taxes need to be paid either way. There is more to it than you think to the partner ship and it is best to consult with a tax accountent on your behalf so you don't end up oweing money that you can't afford.
I had a partnership with someone and ended up paying 2,000.00 in back taxes and my partner cut out on me.