It depends on how you paid yourself as well as how you structured.
If you paid yourself a wage or salary and paid the applicable payroll taxes on the amounts during the year, the gross amount is an expense to your business and your business needs to issue you a W-2 to report the income personally. If your business is classified as a partnership or a multi-member LLC, your business is required to file a Form 1065 Partnership Tax Return which will issue you a K-1 statement that reports your share of income from the business. Finally, since you do not live in a community property state, even if your co-owner is a spouse, you will still need to file a Form 1065.
There is no instance where you issue a 1099 to an owner.
Please see Tax Information For Partnerships for more information.
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