depends on the nature of the partnership: is it a one night stand type joint venture for a specific project or is it an acquisition?

Besides that, first thing you need if going out on your own are clients so consider how you’ll market yourself and what networks you already have. 

It's an acquisition. They have been working on this since May. 

If you have to ask a group of anonymous internet strangers, you're very likely not ready to go out on your own (and be successful). Obviously I don't know your personal or professional circumstances, but it sounds like you're not very experienced and/or haven't had very much exposure to running the actual business. If that's the case, then I couldn't imagine going out on my own, especially in times like these. It's pretty amazing that you'd even consider it, honestly - but again, we don't know your circumstances. Maybe you can tell us more.

is there someone you know that you could partner with? if you are good at putting out the work, someone who is good with getting work would be beneficial along with good communication skills.

designermom ,

take a sabatical for a few months, a year, to figure out your next step.

I was going to suggest to travel to see the world, but the virus has killed that idea. get a camper and drive across, up-and-down USA. Check out your country - I assume you are from US.

seriously...!

Building on what others have said:

1. See if the sweatshop reputation is accurate as you work for them during the transition.  Maybe it'll be awful, maybe wonderful, maybe something in-between.  Take a little time before declaring your outta there.
2. During that transition, take Urbanity's point and start asking around, discreetly.  Maybe one of your current colleagues has a similar idea.