A BALANCE SHEET is a statement of a business's financial position at a specific point in time. It provides a snapshot of what you own (assets) and what you owe (liabilities). When combined, these two items reveal your net worth - either positive or negative. In this case, the business has a net worth of $424,944.88.
Credit
Loan or lease?
Management
A closer look
Loan officer
Building a business plan
Who needs a consultant?
Estate Planning
Do you need a will?
Estate planning tips
Knowing your net worth...
Appraisal
Who needs an appraisal?
Taxes
Alternative Minimum Tax
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