In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. In general, doing a transaction where you're buying out a business partner under a General Partnership is not in the buyer's (your) interest. A partnership buyout agreement lets you plan what will happen when a partner leaves the business. Learn the steps for a smooth business partner buyout. Our guide simplifies how to buy out a business partner effectively. WayneBuy Training is now available in Accelerate in addition to the leader-led training conducted monthly. Visit Accelerate and click on Featured Topics. Wayne Metro would love to partner with you!