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SPECIAL OLYMPICS NEVADA ATHLETE APPLICATION FOR PARTICIPATION EXP DATE: (SON Use Only) New applications expire every three (3) years from the Examiner's Signature Date (Section H, Item 24) Renewal
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SONV stands for Statement of Net Worth. It is a financial document used to disclose an individual's assets, liabilities, and net worth.
Individuals such as business owners, entrepreneurs, and high-net-worth individuals may be required to file a Statement of Net Worth.
SONV can be filled out by detailing all assets, liabilities, and calculating net worth following the provided form or template.
The purpose of SONV is to provide a snapshot of an individual's financial situation at a specific point in time.
SONV typically requires the reporting of assets such as real estate, investments, bank accounts, liabilities such as loans, mortgages, and credit card debt, and calculating the net worth by subtracting liabilities from assets.
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