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Net worth of an individual or an Enterprise is the total assets of the individual or Enterprise less total liabilities. Net worth thus gives a good indication of the total financial worth of a person at a point in time. Positive net worth that is growing year on year shows good financial health; conversely, a negative net worth or net worth decreasing year on year shows poor financial health. Net worth is used as an indicator of financial health in various processes.
Net worth certificate is a document that is compiled and certified usually by a Chartered Accountant taking into consideration all the assets and liabilities of the individual or Enterprise. Net worth Certificate maybe required as a part of an application for the decision maker to gauge the financial health of the applicant. Net worth certificate from a Chartered Accountant is commonly required as a part of visa application, bank loan application, franchisee application and more. Want to obtain a net worth certificate? An IndiaFilings Business Expert can help you obtain a Net Worth Certificate from a Chartered Accountant near you.
During a visa application process, net worth certificates are requested to determine the financial net worth of the visa applicant.
During a bank loan application process, net worth certificates are requested to determine the financial worth of the loan applicant.
During a franchisee application process, net worth certificates are requested by the franchisor to determine the financial net worth of the franchisee.
IndiaFilings can help you obtain a Net Worth Certificate from a Chartered Accountant close to you.
Got questions? Request a call from an IndiaFilings Business Advisor.Let's talk!
An IndiaFilings Business Expert determines your requirement and helps choose a Chartered Accountant close to you.
The Chartered Accountant reviews your documents, determines your assets and liabilities and complies the net worth calculation.
Based on the findings, the Chartered Accountant prepares a net worth certificate and certifies the same, based on the information provided.
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