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How to fill out the Disadvantaged Business Enterprise (DBE/ACDBE) Program Personal Net Worth Statement online
This guide provides users with a comprehensive walkthrough on completing the Disadvantaged Business Enterprise (DBE/ACDBE) Personal Net Worth Statement online. By following these detailed steps, users will be able to accurately fill out the form to determine their eligibility for the program.
Follow the steps to complete your Personal Net Worth Statement.
- Click ‘Get Form’ button to access the Personal Net Worth Statement. This will allow you to open the document and begin the completion process.
- Fill in your personal information in the designated fields. This includes your name, business phone number, residence address as reported to the IRS, residence phone, city, state, zip code, business name of the applicant firm, and your spouse's full name, along with your marital status.
- Report your assets accurately. Begin by omitting cents and listing each asset's total value in the appropriate sections. Include cash and cash equivalents, retirement accounts, brokerage and investment accounts, and assets held in trust.
- Detail your liabilities in the respective sections. List loans, mortgages, and any other obligations. Be specific with each entry by providing the lenders' names, original and current balances of loans, and terms of payment.
- In Section 2, specify notes payable to banks and other entities. Include details like the name of the noteholder, original balance, current balance, payment frequency, and how each note is secured or endorsed.
- Complete Section 3 detailing your brokerage, custodial accounts, stocks, and bonds. Provide the name of the account, cost, market value, quotation date, and the total value you report.
- For real estate owned, as outlined in Section 4, list each property individually, including the type of property, address, acquisition method, and any mortgage details necessary.
- Finalize your form by declaring the truthfulness of your information. Sign and date the statement, ensuring that you include a notarization to certify the document.
- After completing the form, save the changes made. You can also download, print, or share your completed Personal Net Worth Statement for submission.
Complete your Personal Net Worth Statement online today to ensure your eligibility for the DBE/ACDBE Program.
In Florida, eligibility for the Disadvantaged Business Enterprise (DBE/ACDBE) Program is determined based on ownership and control by socially and economically disadvantaged individuals. To qualify, a business must be at least 51% owned and operated by these individuals, who may include minorities and women, among others. It is also important for the business to meet specific size standards and demonstrate the capability to perform on public contracts. Securing DBE certification can significantly enhance your business's access to opportunities in state and federal projects.
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