Full text of JOSEPH CAPITAL, LLC's X-17A-5/A filed 2021-03-31 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # Joseph Capital LLC Financial Statements and Supplemental Information Pursuant to SEC Rule 17a-5 December 31, 2020 Public {1}------------------------------------------------ Joseph Capital LLC Table of Contents December 31, 2020 # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS** | Statement<br>of<br>Financial<br>Condition | 1 | |-------------------------------------------|-----| | Notes<br>to<br>Financial<br>Statements | 2-4 | {2}------------------------------------------------ Joseph Capital LLC Statement of Financial Condition December 31, 2020 #### **Assets** | Cash | \lt;br>25,480 | |---------------------------------------------------|---------------| | Fees<br>receivable<br>(related<br>party) | 89,012 | | Other<br>assets | 2,225 | | Total<br>Assets | \lt;br>116,717 | | | | | Liabilities | | | Accrued<br>expenses<br>payable | 5,576 | | Total<br>Liabilities | \lt;br>5,576 | | Member's<br>Equity | | | Total<br>member's<br>equity | \lt;br>111,141 | | Total<br>liabilities<br>and<br>member's<br>equity | \lt;br>116,717 | | | | The accompanying notes are an integral part of these financial statements 1 {3}------------------------------------------------ Joseph Capital LLC Notes to Financial Statements December 31, 2020 # **1. Organization and Nature of Business** Joseph Capital LLC, a Delaware limited liability company, (the "Company") is a broker-dealer registered with the Securities and Exchange Commission (the "SEC") and a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is a wholly owned subsidiary of Joseph Advisors Ltd. ("Advisors"). The Company is authorized to conduct the following types of business: selling tax shelters or limited partnerships in primary distributions, private placement of securities and hedge fund sales, and referral s involving non-exchange traded derivatives, asset backed securities and fixed income securities (excluding municipal securities). The Company's policy is to continuously monitor its exposure to market and counterparty risk through the use of a variety of financial position and credit exposure reporting and control procedures. In addition, the Company has a policy of reviewing the credit standing of each broker/dealer, clearing organization, fund manager, customer and/or counterparty with which it conducts business. # **2. Significant Accounting Policies** # *Basis of Presentation* Thes…Read the full text as markdown