Learn how to initiate a buyout agreement effectively with this comprehensive guide. Learn how to buy out a member in an LLC and create an LLC buyout agreement that protects your interests in this guide.In most cases, a business partner can't push you out. But there are ways that a business partner might encourage you to leave your business. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. Find financing for your buyout; Draw up a buyout agreement. Filling out the required paperwork puts the cap on a successful buyout process. Explore LLC member buyout agreements with FindLaw. Understand ownership changes, legal steps, and transfer processes in simple terms.