Form 433-B (OIC) for Thornton Colorado 2024-2025

Form 433-B (OIC) for Thornton Colorado: What You Should Know

Section 5 indicates the number of owners or employees in the business. In this example: I. Corporation — Two owners: 1st owner is a natural person who owns all stock, and other shareholders are natural persons, who own 10 percent of the stock.  J. Limited Company — One owner: a natural person, or a natural person and 2 natural persons (i.e.  One person and 3 natural persons) who own 100 percent of shares. We need to confirm the status of each owner/employee. So, we're going to add each owner/employee to the following  property lines (in the form): Possessions — This line indicates if the physical property of the business is owned directly, or indirectly, by the corporation or limited liability company. We'll want this statement to be the same as the above sample.  Services — This line is an inventory statement for the business, listing all merchandise and supplies that the business provides to its customers.  Total Cash in the Company — This line displays all cash in the bank accounts of the business, such as cash, checks and PayPal deposits.  Loan Obligations — This line will display all loan information for each business owner/employee.  Note : Loans listed on this line are not necessarily related to the real estate of the business. We need to include this line only since this type of loan typically is paid back over a number of years.  Loan Payments — This line displays all cash payments made by the business owner/employee.  Note : Loans listed on this line are not necessarily related to the real estate of the business. We need to include this line only since this type of loan typically is paid back over a number of years.  Note : Loan Payments listed on this line are not necessarily related to the real estate of the business. We need to include this line only since this type of loan typically is paid back over a number of years.  Lien — This line indicates if the business has any liens against its property. Note: Any time a line item on Form 433-B is labeled with one of these words, that line item will include several fields related to that line item (i.e. Lien, Loan Obligations, etc.).

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