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Enrollment Center 1600 E. Golf Rd., Des Plaines, IL 60016, 8476351708, Fax 8476351706 7701 N. Lincoln Ave., Skokie, IL 60077, 8476351250, Fax 8476351497 201516 Business Net Worth This information
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How to fill out 2015-16 business net worth:

01
Start by gathering all the necessary financial documents, such as balance sheets, income statements, and tax returns for the specified period.
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Calculate the total assets of your business, including cash, inventory, equipment, and property. This will give you an idea of the value of everything your business owns.
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Determine the total liabilities of your business, including loans, debts, and outstanding payments. This will give you an idea of the financial obligations your business has.
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16 business net worth refers to the total value of a business's assets minus its liabilities.
Business owners or entities with assets and liabilities above a certain threshold are required to file 16 business net worth.
To fill out 16 business net worth, business owners need to list all assets and liabilities of the business and calculate the net worth by subtracting liabilities from assets.
The purpose of 16 business net worth is to provide a snapshot of the financial health of the business and inform decision-making.
Business owners must report all assets such as cash, inventory, equipment, and liabilities such as loans, mortgages, and other debts.
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