A Minnesota Buy-Sell Agreement is common for "closely held" corporations and other business entities; for example, when there will be a handful of owners. When a partner in a business wants to leave the company, you may need a Minnesota business buyout agreements lawyer to help.Buying out a business partner is a complicated process. Click the link immediately below that says "Click here to enter data for a buyout note or other debt of the business. Where a person agrees to assume the existing obligations of a dissolved partner- ship, the partners whose obligations have been assumed shall be discharged from. Hiring an appraiser who is skilled and experienced in valuing a business under Minnesota divorce law is critical to get an accurate valuation. Use this form to register a Minnesota Limited Liability Company. Breaking up with a business partner is never easy.