This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.Explore critical tax considerations for structuring buysell agreements in family businesses. Sell agreement or buy and sell agreement in Florida is commonly part of an LLC operating agreement or corporate shareholder agreement. What should be in a Buy-Sell Agreement? However, if you are unfamiliar with this agreement, how to create one, or make it legally binding, you need help from a North Palm Beach business law attorney.