debadamsapple
Jan 16, 2007, 05:39 PM
I need to know how to caculate the net worth for the company I work for. One of the partners needs this for his tax return. Thanks:D :D
CaptainForest
Jan 17, 2007, 02:18 AM
Assets – Liabilities = Total Equity in the firm
You would want to divide it by the number of partners.
HOWEVER,
If this is for a tax return, all you need it the taxable net income divided by how many partners there are.