6d • General discussion
Group Quiz
You have a new client named Exodus Outta Here. After your first meeting, you learn:
- Is married to Portugal
- Portugal is a stay-at-home mom with their only child
- Exodus Outta Here is a carpenter
- His total income was $30,000
- Has the following list of expenses:
- Advertising, $10
- Insurance, $500
- Legal & professional, $200
- Office expense, $50
- Machine rental, $400
- Small tools, $500
- Supplies, $12,000
- Cell phone, $300
- Meals & entertainment, $1,427
- Utilities, $3,012
- Mileage of 15,000 total miles and 5,000 non-business miles
What are some due diligence you might have?
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