Any person furnishing any of the items for which a lien may be claimed under the provisions of § 44-9-1 under a contract, either express or implied between the owner of the property or his duly authorized agent or representative, and any contractor working upon or about such property may serve upon the owner, or his duly authorized agent or representative at any time, a sworn account and notice of his claim showing the items and amounts and the dates that the same were furnished, and thereupon the owner shall withhold from his contractor so much of the contract price as may be necessary to meet the claims of persons who have served such accounts and notices.
Sioux Falls South Dakota Statement of Account by Corporation or LLC is a financial document used to track and summarize the financial activities of a corporation or limited liability company (LLC) operating in Sioux Falls, South Dakota. This statement provides stakeholders, including shareholders, partners, and lenders, with a detailed overview of the company's financial performance, assets, liabilities, and equity. It helps in assessing the company's profitability, liquidity, and solvency. Keywords: Sioux Falls, South Dakota, Statement of Account, Corporation, LLC, financial activities, financial performance, assets, liabilities, equity, profitability, liquidity, solvency. Types of Sioux Falls South Dakota Statement of Account by Corporation or LLC: 1. Balance Sheet: This type of statement presents the financial position of the corporation or LLC at a specific point in time. It showcases the company's assets, liabilities, and shareholder's equity. The balance sheet helps in evaluating the company's net worth and determining its financial stability. 2. Income Statement: This statement provides an overview of the company's revenue, expenses, and net income or loss over a specific period. It highlights the financial performance of the corporation or LLC by showing revenue sources, cost of goods sold, operating expenses, and taxes. 3. Cash Flow Statement: The cash flow statement tracks the company's inflows and outflows of cash during a specific period. It categorizes cash into operating activities, investing activities, and financing activities. This statement helps evaluate the company's ability to generate and manage cash effectively. 4. Statement of Changes in Equity: This statement illustrates changes in the equity section of a company's balance sheet over a specific period. It identifies the reasons behind changes in the company's total equity, including owner's investments, net income, dividends, and gains or losses from changes in accounting policies. These various types of Sioux Falls South Dakota Statement of Account by Corporation or LLC provide a comprehensive view of a company's financial position, performance, and cash flow. They enable stakeholders to make informed decisions regarding investments, partnerships, and lending opportunities. Keywords: Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity, financial position, financial stability, revenue, expenses, net income, net loss, cash inflows, cash outflows, operating activities, investing activities, financing activities.
