VL Balance Sheet - 2009
Date July 23, 2010
Last Revised: May 23, 2012 4:50 PM
As of July 25, 2010, there are two versions of "the operating agreement." One is the most current, named 2010Aug01Agreement. Click on the name for it.
As of this date, July 25, 2010, the OLD version of that operating agreement is to be no longer changed and retains the original file name of 2010Jul14Agreement, click on the name.
AS of this date, July 27, 2010, the NEW Operating Agreement is started into the composing and review phase, the first version of this document is HERE.
CLICK here for a copy of the Delaware Certificate of Organization for VL Delaware, LLC, not ever used.
Click here for December 31, 2008 Vibrant Life Profit and Loss for the year and Balance sheet showing the beginning and end of 2008.
There was no Balance Sheet ever used for Vibrant Life until one was for the first time created in July 2010. The balance sheet was overlooked in all previous years of filing the Federal Form 1065, Schedule L, a mistake, and the IRS first asked for one for 2008.
We were then late in submitting one and paid a fine to the IRS for that late submission. The current balance sheet information was first supplied for the tax year 2009.
The line items of most importance on Schedule L are shown with Balance Sheet figures for the Tax Return covering the year 2009, both beginning of the year and end of the year.
Because of the simplified form of Vibrant Life accounting, the balance sheet is very simple in form, as shown. Vibrant Life uses the "Cash" method of accounting rather than "accrual" method. Vibrant Life has never used double entry bookkeeping and thus never maintains a balance sheeet -- the IRS requirement of providing them a balance sheet makes it necessary for us to gather and find the data for this usage.
Vibrant Life 2009 Balance Sheet
Beg of 2009
|End of 2009|
|6. Other Current Assets (Statement)|
|9a. Building and other depreciable Assets||
|9b. Accumulated Depreciation|
|12a. Intangible Assets||
|12b. Amortization of Intangibles (starts for year 2010)|
|14. Total Assets||
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