To buy out a partner, you have to notify them or wait for a trigger event mentioned in the buyout agreement to occur. If your business partner is going through a divorce, his or her spouse may be entitled to half of your partner's stake in the business.A major difference between partnerships and S corporations involves the treatment of distributions of appreciated property. The Fulton County County Clerk's Office manages DMV and various records. These include: Assignments, Business Certificates, DBA Applications, Deeds, Discharges. This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. You should only register as a vendor if you have a business relationship with Fulton County Government (e.g. , being awarded a contract, purchase order, etc.).