Standard Format of Affidavit of Sole Proprietorship

 

An Affidavit of Sole Proprietorship is a legal document used to formally declare that an individual is the sole owner of a business. It is typically typed on non-judicial stamp paper (usually Rs. 100 in India) and signed before a Notary Public. 

Standard Format

AFFIDAVIT

I, [Proprietor's Full Name], Son/Wife/Daughter of [Father's/Spouse's Name], aged about [Age] years, residing at [Residential Address], do hereby solemnly affirm and declare as under:

1. That I am the sole proprietor of the business running under the name and style of [Business Name], having its principal place of business/office located at [Business Address].
2. That the said business was established and commenced operations on [Date of starting business]. 
3. That I am the sole owner of the business and there are no other partners, members, or shareholders involved in the ownership of this firm. 
4. That I am solely responsible for all financial, operational, and legal liabilities incurred in the name of the said firm. 
5. That all the assets and properties of the business exclusively belong to me.
6. That I am fully authorized to operate bank accounts, sign contracts, and execute documents on behalf of [Business Name]. 

DEPONENT
(Signature of the Proprietor)

VERIFICATION

I, the above-named deponent, do hereby verify and declare that the contents of paragraphs 1 to 6 of this affidavit are true and correct to the best of my knowledge and belief, and nothing material has been concealed therefrom.

Verified at [City/Location] on this [Day] day of [Month], [Year]. 

DEPONENT
(Signature of the Proprietor)

ATTESTED BEFORE ME
(Signature and Seal of Notary Public)

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Key Guidelines for Execution

• Stamp Paper: Purchase a non-judicial stamp paper of the appropriate value required in your state (commonly Rs. 100).
• Notarization: Sign the affidavit in the presence of a Notary Public, who will verify your identity and attest the document.
• Requirements: This format is widely accepted for opening business bank accounts, applying for licenses (like FSSAI or Shop and Establishment), and government tenders.