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CRITICAL TRADING, LLC Statement of Financial Condition December 31, 2018UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 205490 MB APPROVAL 0 MB Number: 32350123. Expires: August

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How to fill out statement of financial condition

01

To fill out a statement of financial condition, follow these steps:

02

Start by gathering all the necessary financial documents such as bank statements, investment statements, and credit card statements.

03

Begin by listing all your assets. This includes cash, savings accounts, investments, real estate, and valuable possessions like cars or jewelry.

04

Next, list all your liabilities. This includes any outstanding debts such as mortgages, loans, or credit card balances.

05

Calculate your net worth by subtracting your liabilities from your assets.

06

Provide information about your income sources. This includes salary, investments, rental income, or any other sources of income.

07

List all your monthly expenses. This includes mortgage or rent payments, utility bills, insurance premiums, and any other regular expenses.

08

Include any additional financial information that may be relevant, such as tax returns or business financial statements.

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Review the completed statement of financial condition for accuracy and completeness before submitting it.

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Remember to update your statement of financial condition regularly to reflect any changes in your financial situation.

Who needs statement of financial condition?

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Statement of financial condition is needed by individuals or businesses who want to assess their financial health.

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It is often required by lenders or financial institutions when applying for loans or credit.

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It can also be used for personal financial planning purposes or when seeking professional financial advice.

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Furthermore, statement of financial condition is essential for estate planning, tax planning, or in legal proceedings such as divorce or bankruptcy cases.

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What is statement of financial condition?

Statement of financial condition is a snapshot of an individual or company's financial situation at a specific point in time, detailing assets, liabilities, and net worth.

Who is required to file statement of financial condition?

Individuals or entities involved in legal proceedings such as bankruptcy or divorce may be required to file a statement of financial condition.

How to fill out statement of financial condition?

To fill out a statement of financial condition, one must gather and report detailed information about their assets, liabilities, and net worth.

What is the purpose of statement of financial condition?

The purpose of a statement of financial condition is to provide a clear overview of an individual or entity's financial standing to aid in legal proceedings or decision-making.

What information must be reported on statement of financial condition?

Information such as bank account balances, real estate holdings, investments, debts, and other financial assets and liabilities must be reported on a statement of financial condition.

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