We'll discuss seller financing for business and how it works, as well as highlight the pros and cons for both buyers and sellers. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more.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. To avoid a worstcase scenario, follow these pointers on drafting a contract that guards your interests as the seller and financier. In an entity purchase (aka redemption) buy-sell agreement, the business itself buys separate life insurance policies on the lives of each of the co-owners. Learn how to finance a business partnership buyout so you can transition ownership as quickly as possible. Whether you are buying or selling a business in Massachusetts, completing the transaction without the help of a business lawyer is extremely risky. "Facilitate business acquisitions with our Letter of Intent template.