In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. Learn how to finance a business partnership buyout so you can transition ownership as quickly as possible. Securing financing for a partner buyout can seem challenging, especially when you haven't done it before. Click here to learn about all of your options. The final stage of the buyout process involves completing all necessary legal paperwork and ensuring that the transition is smooth and amicable.