Arranging Annual Reports

ID Number: RE-010

1. Inputs

  • The annual financial records (banking, transactions, etc.)

2. Steps

  1. At the end of the fiscal year, arrange for creation of the annual profit and loss reports for federal income tax purposes.

  2. Allocate profits and losses to the Members in proportion to their interest.

  3. Deliver to the owners/investors.

3. Outputs

Financial reports to the owners/investors.

4. Revision History

Date Revision Description

2019-12-30

1

Initial

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