Affidavit Of Sole Proprietorship

Affidavit Of Sole Proprietorship Template for Singapore

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Key Requirements PROMPT example:

"I need an Affidavit of Sole Proprietorship for my new online consulting business in Singapore, which I'll be registering in January 2025, to be used for opening a business bank account with DBS Bank."

Document background

The Affidavit of Sole Proprietorship is a crucial document in Singapore's business environment, particularly when proof of ownership structure is required by banks, government agencies, or business partners. This sworn statement is commonly needed when opening business bank accounts, applying for licenses, entering into significant contracts, or dealing with regulatory authorities. The affidavit includes essential details about the business owner and the enterprise, including personal identification information, business registration details, and explicit declarations about sole ownership. It must be properly executed before a Commissioner for Oaths to be legally valid under Singapore law.

Suggested Sections

1. Title and Introduction: Identifies the document as an affidavit and introduces the deponent

2. Personal Details: Deponent's full name, NRIC/passport number, and address

3. Business Details: Business name, registration number, and business address

4. Declaration of Ownership: Statement confirming sole ownership of the business

5. Verification Statement: Confirmation that all statements made are true and correct

Optional Sections

1. Business Activities: Detailed description of business operations (used when required by authorities)

2. Financial Declaration: Statement about business finances when financial information disclosure is required

3. Additional Declarations: Specific statements required by certain authorities or government bodies

Suggested Schedules

1. Business Registration Certificate: Copy of ACRA business registration

2. Identification Documents: Copies of deponent's identification documents

3. Supporting Documents: Any additional documents supporting the declarations made

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Retail
Professional Services
F&B
Trading
E-commerce

Relevant Teams

Legal
Finance
Administration
Compliance
Operations

Relevant Roles

Business Owner
Entrepreneur
Small Business Manager
Independent Contractor
Freelance Professional

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Let's create your Affidavit Of Sole Proprietorship

Authors

Alex Denne

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