Sworn B-BBEE Affidavit for Exempted Micro Enterprises
This sworn affidavit serves as an official declaration for exempted micro enterprises to confirm their B-BBEE status. It includes details on ownership and compliance with procurement criteria. Completing this affidavit is essential for B-BBEE recognition during procurement processes.
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How do I fill this out?
To fill out the B-BBEE affidavit, gather the necessary details about your enterprise, including ownership percentages. Ensure that you accurately represent the black ownership structure and income information required. Finally, compile the information in the respective sections of the affidavit form before signing.
How to fill out the Sworn B-BBEE Affidavit for Exempted Micro Enterprises?
1
Gather your enterprise's registration details and ownership percentages.
2
Complete each section of the affidavit accurately.
3
Confirm the total income does not exceed the specified limit.
4
Sign the affidavit and ensure it is witnessed by a commissioner of oaths.
5
Store the signed affidavit in your records for future reference.
Who needs the Sworn B-BBEE Affidavit for Exempted Micro Enterprises?
1
Small business owners looking to affirm their B-BBEE status.
2
Entrepreneurs applying for procurement opportunities in government tenders.
3
Companies requiring verification of black ownership for compliance.
4
Consultants assisting clients in B-BBEE certifications.
5
Firms engaging in partnerships that demand B-BBEE affidavits.
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1
Open the PDF affidavit in PrintFriendly’s PDF editor.
2
Input the required information into each field designated on the form.
3
Make use of editing tools to adjust text and layout as needed.
4
Review all entries for accuracy to ensure compliance.
5
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What are the instructions for submitting this form?
To submit this form, you need to send the completed affidavit to the relevant procurement office associated with the tender or contract. Ensure you check the specific submission guidelines applicable to the opportunity, as some may allow online submission, while others require physical copies. If needed, contact the procurement office directly for clarification on submission methods.
What are the important dates for this form in 2024 and 2025?
For the 2024 financial year, ensure the affidavit is completed by the end of the first quarter for submission. Review any updated dates for compliance requirements for 2025 as they may be released by the relevant authority. Regularly check for changes in B-BBEE requirements as they can affect submission timelines.
What is the purpose of this form?
The purpose of the sworn affidavit is to provide a formal declaration of the B-BBEE status of an exempted micro enterprise. It serves to document ownership structure, compliance with ownership percentages, and confirm the enterprise's income level. This affidavit is essential not only for maintaining transparency in business operations but also for participating in government tenders and contracts that require proof of B-BBEE compliance.
Tell me about this form and its components and fields line-by-line.
- 1. Full Name & Surname: The legal name of the individual completing the affidavit.
- 2. Identity Number: The identification number of the individual signing the affidavit.
- 3. Enterprise Name: The registered name of the enterprise seeking B-BBEE recognition.
- 4. Trading Name: The trading name under which the enterprise operates.
- 5. Registration Number: The official registration number of the enterprise.
- 6. Enterprise Address: The physical address of the business.
- 7. % Black Owned: Percentage of black ownership in the enterprise.
- 8. % Black Woman Owned: Percentage of female black ownership in the enterprise.
What happens if I fail to submit this form?
Failure to submit the sworn affidavit can result in disqualification from B-BBEE recognition and may affect tender applications. It is crucial to ensure timely submissions to maintain compliance and eligibility for procurement opportunities.
- Loss of Procurement Opportunities: Without the affidavit, enterprises may miss out on potential contracts and tenders.
- Legal Repercussions: Submitting false information or failing to submit could lead to legal action against the enterprise.
- Inaccurate B-BBEE Status: Not providing the required affidavit can lead to an incorrect assessment of the enterprise's B-BBEE standing.
How do I know when to use this form?
- 1. Government Tenders: Required for submission in applications for government contracts.
- 2. Corporate Procurement: Needed for business partnerships or contracts with corporates relying on B-BBEE.
- 3. Funding Applications: Essential when applying for financial assistance that asks for B-BBEE compliance.
Frequently Asked Questions
What is this affidavit used for?
This affidavit is used to declare the B-BBEE status of exempted micro enterprises, confirming ownership and income levels.
Who needs to fill out this affidavit?
Any exempted micro enterprise looking to verify their B-BBEE status for procurement purposes must fill out this affidavit.
Can I edit the PDF on PrintFriendly?
Yes, PrintFriendly allows you to edit the PDF directly in our user-friendly editor.
How do I submit this form?
Once completed, you can submit this form as instructed on your respective tender or application guidelines.
Is there an option to sign the affidavit digitally?
Absolutely, you can add your digital signature directly on the PDF in PrintFriendly.
How can I share my completed affidavit?
You can share the completed affidavit via email or your preferred social media platform.
What information do I need to complete the affidavit?
You will need your enterprise's registration details, ownership percentages, and financial information.
How long is the affidavit valid?
The sworn affidavit is valid for a period of 12 months from the date signed.
What happens if I provide false information?
Providing false information may lead to legal implications and loss of B-BBEE status.
Can I save my edited PDF on PrintFriendly?
You can download your edited PDF after making changes, but it cannot be saved directly on the platform.
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