DBE Personal Net Worth Statement.pdf - Connect NCDOT - North ... 2026

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  1. Click ‘Get Form’ to open the DBE Personal Net Worth Statement in our editor.
  2. Begin by entering your name and business phone number at the top of the form. Ensure that all contact information is accurate for verification purposes.
  3. Fill in your residence address and phone number, along with your city, state, and zip code. This information is crucial for identification.
  4. In the 'Assets' section, list each asset you own, such as cash on hand, savings accounts, and real estate. Be sure to check if any assets are jointly owned.
  5. Proceed to the 'Liabilities' section where you will detail any debts or obligations. This includes accounts payable and mortgages.
  6. Calculate your total assets and total liabilities at the bottom of their respective sections. Subtract total liabilities from total assets to determine your net worth.
  7. Finally, certify the accuracy of your statement by signing and dating it. Don’t forget to include a notary public's signature if required.

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Simply put, its the difference between the value of all your assets (like your house, cars and other valuable possessions, investments and cash) and the value of all your liabilities (like your home or car loan, credit card debt and personal or student loans).
This certification can potentially open doors to more opportunities and project access. DBEs are small for-profit enterprises where socially and economically disadvantaged individuals own at least 51% of the business and control its management and daily operations.
All you have to do is add up the value of your total assets (i.e., everything you own) and then subtract the value of your total liabilities (i.e., what you owe) to get your net worth number.
The key is to summarize all the assets that you own, including bank accounts, investment accounts, and real estate. Then you include liabilities that you owe, including credit card, mortgage, and other bank/personal loans. The net amount - taking the total assets and subtracting liabilities to determine your net worth.
How to set up a personal net worth statement. List your assets (what you own), estimate the value of each, and add up the total. Include items such as: List your liabilities (what you owe) and add up the outstanding balances. Subtract your liabilities from your assets to determine your personal net worth.

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Setting up a net worth statement is as easy as creating a simple checklist and doing some basic math. List your assets (what you own), estimate the value of each, and add up the total. List your liabilities (what you owe) and add up the outstanding balances.

dbe personal net worth