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Personal net statement

Personal net statement 2026

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The document is a Personal Net Worth Statement for applicants seeking certification or re-certification as Minority Business Enterprises (MBE) and/or Women Business Enterprises (WBE) in Cook County. It requires detailed financial information from the qualifying owners of the applicant firm, including assets, liabilities, income sources, and other financial obligations. The form emphasizes the importance of accuracy and warns that misrepresentation may lead to denial or termination of certification.

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Click ‘Get Form’ to open the personal net statement in the editor.
Begin by entering the date at the top of the form. This is crucial for ensuring your application is current.
Fill in your business name and owner details, including phone numbers and email address. Accurate contact information is essential for communication.
In the 'ASSETS' section, list all relevant assets such as cash, savings accounts, and real estate. Be sure to provide accurate dollar amounts for each asset.
Next, move to the 'LIABILITIES' section. Document any debts or obligations you have, including loans and unpaid taxes. This will help calculate your net worth.
Complete sections detailing your source of income and any notes payable to banks. Attach additional documents if necessary for clarity.
Finally, review all entries for accuracy before signing and dating the document at the bottom. Ensure that all required fields are completed.

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Versions	Form popularity	Fillable & printable
2012	4.8 Satisfied (62 Votes)
2011	4.3 Satisfied (53 Votes)

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How to make a personal net worth statement?

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 write a personal net worth statement?

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.

What is included in a PFS?

A typical PFS is divided into two main sectionsassets and liabilities. Current Assets include cash, checking and savings accounts, certificates of deposit, short-term investments and accounts receivable. Investment Assets include stocks, bonds, mutual funds and retirement accounts (IRAs, 401(k)s).

How do I get a personal net worth statement?

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.

Is $2.3 million net worth considered wealthy in 2025?

How much money you need to be considered wealthy across the U.S.its over $2 million in most places. To be considered wealthy in the U.S., Americans say you need a net worth of $2.3 million in 2025 but that number can be even higher depending on where you live.

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How do I find my net worth statement?

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).

Personal net statement 2026

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