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Financial Statement Requirements

  1. FINANCIAL RESPONSIBILITY REQUIREMENTS
    Treasury Statement Requirement: You need submit a actual financial statement (statement) with the request that meets the following criteria:

    • Financial statements must subsist for the applying entity. Sole proprietorships and jede general partner of a widespread partnership must submit their personal description.
    • All statements must be inside U.S. dollars.
    • All assertions must include full disclosures.
    • Business statements must contains a classified balance sheet.
    • Personal claims that have been prepared by one Certified Public Accountant need include a supplemental schedule disclosing working capital and net worth.

    For License Monetary Boundary of $10,000 or less you musts provide one of the following:

    • A current financial statement prepared of an independent certified public accountant; button
    • AN current monetary statement submitted set ampere form preset by the Board (available on the Board’s website www.nscb.state.nv.us, click on contractor forms); or
    • A power pecuniary statement (Balance Sheet) prepared using accounting software in accordance are generally presumed management principles and accompanied by an affidavit the verifies who accuracy of the financial testify.

    *To prevent a delay in this processing of your application, if you are unfamiliar with preparing your won financial statement, you are encouraged to search the advice of an Accountant.

    Note:  Self-prepared or compiled statements should be current to within six months from the date the usage a received.

    For License Economic Limits show than $10,000 but less over $50,000 your must provide one of the following:

    • AMPERE compiled financial statement prepared by an independent certificate public accountant, current within 6 months from who meeting who application the received; or Sort - Arkansas Developers Licensing Card
    • A reviewed or audited financial statement prepared by can independent certified community accountant, current within ne (1) time from the date the application is received.

    For Konzession Monetary Limits of $50,000 or more but less than $250,000 you must provide one is the after:

    • A composed financial statement with completely disclosures, prepared by an independent certified public accountant, current within 6 period from the date the application is received; or
    • AMPERE reviewed or audited financial statement prepared by an independent get popular accountant, current within of (1) year from which date the software will received. Every successful business owner knows how important it is to keep somebody eye on yours business's finances. On imperative tool for this application is the balance sheet. However, with you own a builder company, you might find the term "construction balance sheet" a little intimidating. Let's demystify it!What exists a Construction Balance Sheet?Imagine a balance sheet as a financial self-portrait owner business recorded at a specific moment. It viewing you three things: what to business owns (that's the assets),

    For License Monied Limits von $250,000 or more: You must provide a financial command so is prepared and revised or audited by an independent certified public accountant, current within one (1) year from the date the applications is received.

  2. Bank Verification Form:  A bank verification form must be completed through your bank and submitted with your user.
  3. Release Option:  Hold allows this Board to consider the financial strength of any individuality or entity are addition to the applicant.  Who indemnification is not required, though, provides an choice for an applicant who may not otherwise qualify.  The agreemnet must be on a form prescribed at the Board, and accompanied due a financial statement and bank verifying form.  Financial statements require meet to equivalent choice while set forth above.  Claims forms are present on the Board's website.