Hello bkeavney,
I've got a possible solution for ya.
There are two steps to spliting a part within Solidworks. There are many other ways to do this.. but as far as the solit functions, you should only have to worry about the two functions.
Now, it doesn't matter in what order you perform these functions. Once both are complete, you will split.
1) Split Line In this function, you have to establish where it is you want to split the part. You might have to adjust draft on some faces or split certain surfaces to allow for a complete parting line.
2) Shut-off Surfaces Now this is your delima huh. Well, what I can say is that by default, Solidworks tries to plug up the holes and such on the part by using the contact setting. You should see a box by the holes, etc.that says contact. If Solidworks can't patch that hole, you need to click on the box until it says "No Fill".
This will allow you to split the part without creating thos shut-off surfaces. You will create surfaces after the split to "plug" up the holes.
Well, I hope this helped bkeavney.