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  • Sworn Affidavit B-bbee Mac Exempt Micro Enterprise

Get Sworn Affidavit B-bbee Mac Exempt Micro Enterprise

SWORN AFFIDAVIT BBBEE MAC EXEMPT MICRO ENTERPRISE Marketing, Advertising and Communications Research IndustryI the undersigned, Full name & Surname Identity Number Hereby declare under oath as.

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How to fill out the SWORN AFFIDAVIT B-BBEE MAC EXEMPT MICRO ENTERPRISE online

Filling out the Sworn Affidavit B-BBEE MAC Exempt Micro Enterprise online is a crucial step for businesses seeking to comply with the Broad-Based Black Economic Empowerment Act. This guide will provide clear instructions to help you complete the affidavit accurately and confidently.

Follow the steps to complete the affidavit online successfully.

  1. Click ‘Get Form’ button to access the affidavit. This will allow you to retrieve the form and open it for editing.
  2. Begin by providing your full name and surname in the designated field. This personal information is essential for the affidavit.
  3. Enter your identity number in the specified section. This will verify your identity and ensure the legitimacy of the affidavit.
  4. In the next section, declare your business affiliation by identifying your role within the enterprise as a member, director, or owner. Provide the enterprise name and trading name.
  5. Fill in the registration number and VAT number of the enterprise. This information is crucial for your business identification.
  6. Detail the nature of the business and its physical address. This information helps contextualize your enterprise.
  7. State the percentage of black ownership of the enterprise as per the B-BBEE requirements. You will need to provide this information twice: once for black ownership and once for black woman ownership.
  8. Indicate the percentage of black designated group ownership, considering the defined categories of black designated groups.
  9. Refer to your financial statements or management accounts to verify the annual total revenue, ensuring it does not exceed R10,000,000.00.
  10. Confirm your B-BBEE level contributor by ticking the applicable boxes regarding ownership categories and compliance levels.
  11. Review and affirm that you understand the contents of the affidavit and that it is binding to your conscience.
  12. Sign the affidavit in the designated space for the deponent's signature and indicate the date of signing.
  13. Finally, ensure that the affidavit is stamped and signed by a commissioner of oaths, which validates the document.

Complete your SWORN AFFIDAVIT online today to ensure compliance and benefit your business.

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What is the purpose of bee sworn affidavit word? A bee sworn affidavit is a formal document that is used to swear an oath in a legal proceeding. It typically involves a person making a statement in front of a notary public that is then signed and witnessed.

An exempt micro enterprise (EME) is a company with annual revenue of lower than R10 million. These businesses automatically qualify for a BEE Level 4 rating.

B-BBEE and Exemption The Black Economic Empowerment Codes of Good Practice states in paragraph 4 that any enterprise with a total annual turnover of R10 million or less is considered an Exempt Micro-Enterprise. The Level 4 contributor status is thus attributed to such an enterprise.

An exempt micro enterprise (EME) is a company with annual revenue of lower than R10 million. These businesses automatically qualify for a BEE Level 4 rating. Increasing black ownership to 51% or more will qualify an EME as a Level 2 contributor, while 100% black-owned EMEs qualify as Level 1.

WHAT IS AN EME (EXEMPTED MICRO ENTERPRISE)? As a general rule, businesses with an annual turnover lower than R10 million qualifies as Exempted Micro Enterprises (EME). This means that a small business does not have to conduct a full BEE verification in order to achieve a BEE level.

An enterprise with an annual Total Revenue of R10 Million or less qualifies as an Exempted Micro-Enterprise (EME). An EME is deemed to have an automatic B-BBEE Status of “Level Four Contributor” with a B-BBEE recognition level of 100%.

If your firm has an annual turnover of R10 million or less, then it qualifies for the BEE EME exempt certificate. We can assist you in determining which level of contributor status applies ing to ownership and shareholding. Note that specific requirements relate to the tourism and construction sectors.

How do I get a B-BBEE Sworn Affidavit? You can simply download the template from the CIPC or the dtic websites. Then, a Commissioner of Oath will sign it with your business details.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232