This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.Buying out a business partner is a complicated process. Securing financing for a partner buyout can seem challenging, especially when you haven't done it before. Click here to learn about all of your options. Learn the steps for a smooth business partner buyout. Our guide simplifies how to buy out a business partner effectively. A Partnership Buyout occurs when a director purchases the shares of a partner with the goal of dissolving the partnership. The answer to these questions will inform everything from buyout structure and financing to conducting valuations and outsourcing expertise. Finalize the Buyout Agreement: Make sure that all terms of the buyout are clearly laid out in a legally binding agreement.