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
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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
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.
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