An Affidavit of Sole Proprietorship is a crucial legal document in the Philippine business environment, required by various institutions and government agencies to verify business ownership. This sworn statement is used when an individual needs to formally declare their status as the sole owner of a business enterprise. The document is commonly requested during bank account openings, loan applications, government permit applications, or when entering into significant business contracts. The affidavit must comply with Philippine notarial laws and typically includes comprehensive information about the business owner, operation details, and regulatory compliance statements. It serves as a formal declaration that the business is not a partnership, corporation, or any other form of business organization, but rather a sole proprietorship under the full responsibility and management of the affiant.
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1. Title and Venue: States the document type and location where the affidavit is executed
2. Affiant Information: Personal details of the declarant including full name, age, citizenship, and residence address
3. Business Information: Details of the sole proprietorship including business name, address, nature of business, and DTI registration number
4. Declaration of Ownership: Sworn statement confirming sole ownership and full responsibility for the business
5. Operational Details: Statement regarding business operations, management, and control
6. Compliance Declaration: Affirmation of compliance with all relevant laws and regulations
7. Purpose Statement: Specific purpose for which the affidavit is being executed
8. Verification and Certification of Truth: Standard affidavit closing stating that the contents are true and correct
9. Notarial Section: Space for notary public's details, signatures, and seal
1. Additional Business Locations: Include when the business operates in multiple locations
2. Employee Declaration: Include when needed to declare number of employees or employment practices
3. Tax Compliance Statement: Include when specifically required by tax authorities or financial institutions
4. Prior Business History: Include when relevant to declare previous business ownership or experience
5. Financial Responsibility Statement: Include when required by banks or financial institutions
6. Authorized Representatives: Include when appointing specific individuals to act on behalf of the business
1. DTI Business Name Registration: Copy of the Certificate of Business Name Registration from DTI
2. Government IDs: Copies of valid government-issued identification of the sole proprietor
3. Business Permits: Copies of current local business permits and licenses
4. BIR Registration: Copy of BIR Certificate of Registration
5. Proof of Business Address: Utility bills or lease agreement showing business location
Relevant legal definitions
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Relevant Industries
Retail
Food and Beverage
Professional Services
Manufacturing
Construction
Agriculture
Transportation
Technology
Real Estate
Trading
Consulting
Healthcare
Education
Tourism
General Commerce
Relevant Teams
Legal
Compliance
Finance
Administration
Operations
Risk Management
Business Development
Corporate Secretarial
Accounting
Relevant Roles
Business Owner
Entrepreneur
Small Business Manager
Legal Counsel
Compliance Officer
Business Development Manager
Finance Manager
Administrative Officer
Company Secretary
Operations Manager
Risk Manager
Branch Manager
Accountant
General Manager
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