In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. One potential resolution to the end of a partnership is a partner buyout.Find out if continuing the business after the breakup is viable for you. Our San Antonio contract lawyer helps businesses with vendor contracts, employment contracts, and partnership agreements. You'll need to: Talk with your partners; Get a business valuation; Find financing for your buyout; Draw up a buyout agreement. Learn how to buy out a member in an LLC and create an LLC buyout agreement that protects your interests in this guide. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. If you are hoping to force your business partner to buy you out, the best thing you can do is carefully read through your operating agreement. A partnership buyout in a company often comes down to negotiation.