Get Il Personal Net Worth Statement 2012-2025

Filling out the IL Personal Net Worth Statement is a crucial step for individuals applying for certification or re-certification as a Minority, Woman, or Veteran Owned Business Enterprise with the County of Cook. This guide provides a clear and structured approach to help users complete the form accurately and efficiently online.

Follow the steps to successfully complete the IL Personal Net Worth Statement online.

1. Press the ‘Get Form’ button to access the IL Personal Net Worth Statement and open it in your preferred editor.
2. Begin by entering the date in the designated field at the top of the form. This is important for verifying the accuracy of your information.
3. Fill in the business name, owner name, and contact details including business phone, residence address, city, state, zip code, residence phone, and email. Ensure all information is correct and up to date.
4. In the assets section, list all your financial assets, including cash on hand, savings accounts, retirement accounts, accounts receivable, real estate, and any personal property. Clearly specify the amounts next to each category.
5. Proceed to fill in the liabilities section where you will detail any loans, mortgages, unpaid taxes, and other obligations. Make sure to provide descriptions where required.
6. Calculate your total liabilities and total assets, which are necessary for determining your net worth. Input these figures in the designated areas.
7. Complete Section 1, which gathers detailed information on your sources of income. Provide accurate figures for salary, investment income, real estate income, and any other income streams.
8. For Section 2, document any notes payable to banks or other lenders. Describe the loans, including original and current balances, payment amounts, and the nature of collateral.
9. Fill out Section 3 regarding stocks and bonds, providing details about the number of shares and the name of securities held.
10. In Section 4, provide a breakdown of real estate owned, listing each property separately with cost, market value, and other requested information.
11. Complete Section 5 for other personal property and additional assets as required.
12. In Section 6, detail any unpaid taxes, including whom they are due to, the amounts, and any relevant liens.
13. List any other liabilities in Section 7, ensuring to describe them in detail.
14. Finally, in Section 8, provide information about any life insurance policies, including face amounts and cash surrender values.
15. Once all sections are completed, review the form for accuracy. You can then save changes, download, print, or share the completed form as required.

Start filling out the IL Personal Net Worth Statement online today to secure your certification!