Here the buyer and seller work out an agreement where the buyer makes monthly payments to the seller in exchange for ownership of the company. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more.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. Learn how to finance a business partnership buyout so you can transition ownership as quickly as possible. This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout. The business buyer must search for undisclosed tax liens before completing a purchase agreement.