California Net Worth Statement is a form used to calculate the net worth of an individual, business, or other entity. It is used to measure the financial position of an entity by taking into account all of its assets, liabilities, and net worth. This statement is commonly used by businesses to calculate the value of their assets, liabilities, revenues, and expenses. It is also used by individuals to calculate their overall net worth. The California Net Worth Statement is typically created in a spreadsheet format and is used for both personal and business purposes. There are two types of California Net Worth Statements: 1. Personal California Net Worth Statement: This statement is used by individuals to calculate their overall net worth by taking into account their assets, liabilities, and net worth. 2. Business California Net Worth Statement: This statement is used by businesses to calculate the value of their assets, liabilities, revenues, and expenses.