In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. In this article, we will explore the intricacies of partner buyouts, including the financing requirements for complete and partial changes.I need help and guidance in the process of my business partner buying me out, I'm having trouble finding a CPA who can work with me in a reasonable time frame. Your agreement should address when a partner can or must be bought out of their partnership interest and the procedure to buy out the partner. What should be included in a buyout agreement? You need to get to an attorney and hash out a buyout agreement which will include who owes what, who owns what and who's liable for what. Step 1: Complete the taxpayer information section. This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.