Personal Financial Statement

Personal financial statements, located after the Management and Organization section in a Business Plan, show assets and liabilities outside the business and personal net worth. For each of the owners and major stockholders, a personal financial statement should be arranged. The owners often rely on personal assets to finance a business, and these statements will show what is available to use. Bankers and investors will also use this information.

Next section in the business plan: Startup Expenses and Capitalization