Small Business Plan Financial Statements
financial statement help. legal liability costs?
I am writing a business plan for a fake business, but the info has to be accurate. On the personal financial statement i have to
Enter the total potential liabilities due as a result of legal claims from judgements, lawsuits, etc.
So where can i find info on how much money to put down in this section?
or if you know the potential liabilities from lawsuits for a small fashion boutique please let me know!
So I should put $0? that doesnt seem right…are you sure?
Contingent legal liability reserve
Usually set aside an amount you are comfortable with – if you don’t know or have
the business experience – use $5,000 or some moderate figure -
Financial Statements – Business Operations Blueprint
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