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SAINT THOMAS MORE SOCIETY FINANCIAL STATEMENT SECTION I: APPLICANT INFORMATION INCOME, ASSETS, AND FINANCIAL ASSISTANCE 1. Total value of assets of applicant (and spouse, if married) $ Balance of
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How to fill out financial statement form
How to fill out a financial statement form:
01
Start by gathering all relevant financial documents such as bank statements, tax returns, and investment statements.
02
Begin with personal information such as your name, contact information, and social security number.
03
Fill in details about your income, including your salary, wages, and any additional sources of income.
04
Provide information about your expenses, including rent or mortgage payments, utilities, and monthly debt payments.
05
Disclose any assets you own, such as real estate, vehicles, or investments, along with their estimated value.
06
Document your liabilities, including credit card debt, student loans, and any other outstanding loans.
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If you are self-employed or own a small business, provide information about your business income, expenses, and assets.
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Review the form thoroughly before submitting, ensuring all information is accurate and complete.
Who needs a financial statement form?
01
Individuals applying for a loan or mortgage may be required to provide a financial statement form to demonstrate their financial stability and ability to repay the loan.
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Small business owners may need to complete a financial statement form when applying for business loans or seeking investment.
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Divorcing couples may be required to fill out financial statement forms as part of the legal process to determine asset division and spousal support.
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Nonprofit organizations and charities may need to submit financial statement forms to maintain their tax-exempt status and demonstrate transparency in their financial operations.
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Investors or potential business partners may request a financial statement form from individuals or businesses to assess their financial health and viability.
Overall, anyone who needs to provide a comprehensive overview of their financial situation may benefit from filling out a financial statement form.
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