Business Assets and Liabilities

NOT REQUIRED TO REPORT – The following assets and liabilities are generally not reported in your financial disclosure report as separate line items:

•  Assets: Office furniture, supplies, inventory, accounts receivable, accounts payable, and real estate directly related to the operations of the business. (Note that the value of these assets is reflected in either the value of the business, if applicable, or in the capital account reported in Schedule A.)

•  Liabilities: Accounts payable and the mortgage on real estate directly related to the operations of the business.

REQUIRED TO REPORT – The following assets and liabilities are generally reported in your financial disclosure report:

•  Assets: Investment funds that the business/partnership created and real estate that is not directly related the operations of the business. Click here for instructions on reporting investment funds or click here for instructions on reporting real estate.

•  Liabilities: Mortgage on real estate that is not directly related to the operations of the business.  

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.

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