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OMB APPROVAL NO. 3245-0188 EXPIRATION DATE: 8/31/2011 PERSONAL FINANCIAL STATEMENT As of, U.S. SMALL BUSINESS ADMINISTRATION Complete this form for: (1) each proprietor, or (2) each limited partner

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What is personal financial statement?

A personal financial statement is a document that provides a snapshot of an individual's financial health and summarizes their assets, liabilities, income, and expenses.

Who is required to file personal financial statement?

The requirement to file a personal financial statement varies depending on the jurisdiction and specific circumstances. Generally, individuals such as business owners, high-net-worth individuals, government officials, and those involved in financial transactions may be required to file.

How to fill out personal financial statement?

To fill out a personal financial statement, one needs to gather information about their assets, liabilities, income, and expenses. This information is then recorded in the appropriate sections of the statement form.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide a comprehensive overview of an individual's financial situation. It is commonly used by lenders, investors, and financial institutions to assess creditworthiness, evaluate investment opportunities, and make informed financial decisions.

What information must be reported on personal financial statement?

A personal financial statement typically includes information about an individual's assets (such as real estate, investments, and personal property), liabilities (such as mortgages, loans, and credit card debt), income (including salary, investments, and other sources), and expenses (such as living expenses and debt payments).

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