This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.In this video, small business lawyer Sarah Holmes will guide you step-by-step on how to successfully buy out your business partner. A partnership buyout agreement lets you plan what will happen when a partner leaves the business. Buying out a business partner can be done in several ways. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. Fill in the blanks with the relevant information, including the partner's name, business name, and valuation method. Learn the steps for a smooth business partner buyout. Our guide simplifies how to buy out a business partner effectively.