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PERSONAL FINANCIAL STATEMENT As of Complete this form for: (1) each proprietor, or (2) each limited partner who owns 20% or more interest and each general partner, or (3) each stockholder owning 20%
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How to fill out a personal financial statement:

01
Start by gathering all the necessary financial information, including your bank statements, investment statements, loan statements, and tax returns.
02
Create separate sections for your assets and liabilities. List all your assets, such as cash, savings, retirement accounts, properties, and vehicles. For liabilities, include outstanding debts like credit cards, loans, and mortgages.
03
Determine the value of each asset. For cash and savings, the value is straightforward. For investments, use the current market value. For properties and vehicles, use an appraisal or fair market estimate.
04
Calculate the total value of your assets by adding up all the individual amounts.
05
List your liabilities, including the outstanding balances for each debt.
06
Calculate the total value of your liabilities by adding up all the individual amounts.
07
Calculate your net worth by subtracting the total liabilities from the total assets.
08
Include your income and expenses. List your monthly income from all sources, such as salaries, rents, dividends, and interests. Next, list your monthly expenses, including rent/mortgage, utilities, groceries, transportation, and insurance.
09
Calculate your net monthly income by subtracting your total expenses from your total income.
10
Provide any additional information required, such as business interests, investment properties, or other significant financial details.
11
Review and double-check all the information you have entered to ensure accuracy.
12
Sign and date the personal financial statement to acknowledge that the information provided is accurate to the best of your knowledge.

Who needs a personal financial statement:

01
Individuals applying for a loan or mortgage may need to submit a personal financial statement to assess their financial stability and ability to repay.
02
Business owners or entrepreneurs may need a personal financial statement when applying for business funding or loans to demonstrate their financial credibility.
03
People going through divorce proceedings may need a personal financial statement to determine the division of assets and liabilities.
04
Investors or venture capitalists may request a personal financial statement from entrepreneurs they are considering investing in to evaluate their financial situation.
05
Some employers may require a personal financial statement as part of the hiring process, especially for positions that involve handling finances or sensitive financial information.
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A personal financial statement is a document that outlines an individual's financial position by detailing their assets, liabilities, income, and expenses.
Individuals who are applying for loans, mortgages, or other forms of credit may be required to file a personal financial statement.
To fill out a personal financial statement, gather all relevant financial documents such as bank statements, investment statements, and debt records. Then, list out your assets and liabilities to calculate your net worth.
The purpose of a personal financial statement is to provide a snapshot of an individual's financial health and help lenders and creditors assess their creditworthiness.
A personal financial statement typically includes information on assets, liabilities, income, expenses, and net worth.
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