This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.A buyout agreement outlines the procedure that must be followed if a member of your limited liability company (LLC) wants to sell his or her ownership stake. A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership. Learn how to finance a business partnership buyout so you can transition ownership as quickly as possible. The due diligence process is critical during business acquisitions of any size, even with seller financing. Should you buy an existing business? Bonding Assistance may include providing assistance in preparing and completing bond packages as well as providing funding to be used for bonding purposes. 9.