Get Cab-businessinformationformb1.doc - Audit State Wy

Filling out the CAB-BusinessInformationFormB1 is an essential step in the application process for a Collection Agency License in Wyoming. This guide will provide clear and supportive instructions to help you complete the form accurately online.

Follow the steps to complete the form effectively.

1. Click the ‘Get Form’ button to access the form and open it in your online editor.
2. In Part One: General Information, enter the name of the applicant in the provided field marked ‘Agency_Name’ and specify the date for which the financial information is being presented. Ensure this date is no more than six months prior to the filing date.
3. Proceed to Part Two: Financial Information. Focus first on current assets. Input the appropriate amounts for each line item, including cash on hand, accounts receivable, and inventory. Total these amounts to find the total current assets.
4. Next, provide details for fixed assets, such as real estate and office equipment. After listing these, calculate the total fixed assets and then sum your total current assets and total fixed assets to determine total assets.
5. Move to current liabilities in the liabilities section. List all applicable liabilities, including accounts payable and notes payable. Sum these entries to find the total current liabilities.
6. Document long-term liabilities. List any mortgages or notes payable extending over one year. Calculate the total long-term liabilities, and then combine total current liabilities and total long-term liabilities to get the total liabilities.
7. In the equity or net worth section, subtract total liabilities from total assets to derive your net worth. Input this final value in the designated area.
8. For Part Three, estimate the average monthly operating expenses and enter this figure in the designated line.
9. Proceed to Part Four: Verification. Fill in the state and county where you are filing, and provide the signature of the authorized signatory. Include their printed name and title if applicable.
10. Finally, review all entries for accuracy. Once satisfied, you can save your changes, download the completed form, print it for your records, or share it as required.

Complete your CAB-BusinessInformationFormB1 online to ensure a smooth application process.