This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. A partnership buyout agreement lets you plan what will happen when a partner leaves the business. Research the Value of Your Partner's Stake. To reach a fair buyout agreement, you must understand your partner's stake in the business. The standard partnership buyout formula will help you and your attorney determine the fair value of your partner's equity stake in the company. Buying out a business partner doesn't have to be stressful or complicated. Read this guide to see how you can carry out the process with ease. This article highlights the steps you should take when buying out a partner and all the moving parts you should be aware of before starting down this path.