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    debadamsapple's Avatar
    debadamsapple Posts: 1, Reputation: 1
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    #1

    Jan 16, 2007, 05:39 PM
    Net worth
    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    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.
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