A personal financial statement template is a document containing your financial status at a specific duration. Besides, it lists all your net worth, liabilities, … See more

This statement can be used by any individual who needs to understand their financial health. In most cases, aspiring entrepreneurs usually … See more

The personal financial statement entails several legal considerations compared to a corporate document or form. Since this document should create an accurate image of the financial status, you need to take the entire process seriously, just as you take other legal documents seriously. Make sure that your personal financial statement … See more

Auditing can only happen if the court or IRS asks for your financial documents since they do not find you trustworthy about your financial status. The auditing process can be pretty stressful because you might need to hire an accountant or attorney to help you out, which can be an additional cost on your end. Remember, financial dishonesty … See more