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Net Worth
In business, net worth (sometimes called "net assets") is the total assets minus total liabilities of an individual or a company. For a company, this is called shareholders' equity and may be referred to as book value. Net worth is stated as at a particular point in time. In the case of an individual, the term estate is used. That term is used especially in the context of bankruptcy law and in relation to probate, on the death of the individual.
In personal finance, net worth is used to refer to an individual's net financial position; similarly, it uses the value of all assets minus the value of all liabilities (debt).
Net worth in business is generally based on the value of all assets and liabilities at the carrying value, that is, the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true ("market") value, the net worth will also be inaccurate.
Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.
Are Gold American Eagles Worth What Congress Has Said They Are Worth? Or: The IRS v. Robert Kahre
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If The Number '5' License Plate is Worth $6.8 Million, What Is Your Domain Name Worth?
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Brandon Ridge Partners v. United States, 2007 TNT 148-14 (M.D. Fl. 2007); Estate of Hicks v. Commissioner, T.C. Memo. 2007-182 - One case is worth analyzing the other case is worth reversing.
In Brandon Ridge, the United States District Court in the Middle District of Florida jumped in the foray of TEFRA and the statue of limitation...
If a thing's worth doing, it's worth doing right
Stanley Kobierowski doesn't half-ass it. You, you decide to go drunk driving, you have a drink or two. You get pinched with a blood alcohol level of something in the teens, a ...
Oh c'mon--it was so worth it.
Via the Billable Hour comes the following greeting card/comic:
Was This Worth $25?
Here is JLT’s new ad that’s going up on TV in some parts of Indiana. Her campaign offered supporters the chance to get a sneak preview for a $25 contribution...
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How can I get my parents away from my bulling brother?
First of all, if you are paying your lawyer, you should not be on the back burne...
I feel everyone should be treated equal in this world, but in a lot of cases that doesn't happen. I live in a white community with only 2 to 3 African American families. I belong to one of them. A week after getting into
I would call the courthouse and ask for the judges assistant, and ask them why t...
I had an account with GEMB/Select Comfort to buy a new bed back in 2005. After paying it off (in 2006), I requested they close the account. In January of 2008, I declared bankruptcy (chapter 7). The creditor was NOT list
if you did pay it off before the bankruptcy and it wasn't listed as a accou...
I want to know if its legal for a healthcare provider to tell you something is going to be covered and when it isn't charge you; after you specifically said you couldn't afford it?
I'm not going to sugar coat anything. It's a sad world we live in toda...
How to make a landlord honor an option to buy provision in the lease (OH)?
Most leases are written as a one year agreement, if neither party elects to form...
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