Acknowledgement for Sole Proprietorship Form PDF Details

The acknowledgement for sole proprietorship form is a critical legal document for small business owners seeking health coverage. It confirms the legal and operative status of the business, outlines health insurance eligibility requirements, and sets forth the attestation obligations of the sole proprietor or sole S-corporation shareholder.

Who Needs This Form

Sole proprietors and single-member S-corporation shareholders need this form when applying for health insurance coverage through their business. It applies to business owners who:

Key Requirements

The form requires detailed business information, including the organization name, tax identification number, primary business activity, and contact details. The attestation section requires the business owner to confirm their operational role, income source, and work commitment. For S-corporation sole shareholders, additional attestation requirements apply, covering their status as the sole employee and sole shareholder of the corporation.

Signatories are also obligated to provide tax documentation upon request to verify the claims made within the form. Providing false information on this form may result in serious legal penalties, making accurate completion essential for maintaining eligibility for health coverage.

Frequently Asked Questions

What is the purpose of the acknowledgement for sole proprietorship form?

This form confirms that a business owner qualifies as a sole proprietor or sole S-corporation shareholder for health insurance eligibility purposes. It attests to the business's legal status, the owner's active involvement, and their compliance with eligibility requirements under health coverage regulations.

Who must sign the acknowledgement for sole proprietorship?

The sole proprietor or the sole shareholder of an S-corporation must sign the form. The signature certifies that all provided information is accurate and that the signatory understands the legal consequences of providing false or misleading statements.

What documents support this acknowledgement form?

You may need to provide your most recent federal tax return showing business income, state business registration documents confirming sole proprietorship status, and any other documentation that verifies your role as the primary operator and income earner of the business.

Is this the same as a DBA filing or business license?

No. A DBA (doing business as) filing registers a trade name with a state or county authority, while a business license authorizes commercial activity. The acknowledgement for sole proprietorship is a health insurance eligibility attestation. These documents serve different legal purposes, though all may be relevant to operating a sole proprietorship.

Can an S-corporation owner use this form?

Yes. The form includes attestation provisions for the sole shareholder of an S-corporation. This person must confirm their status as both the sole employee and the sole shareholder, and provide the same income and operational attestations required of a sole proprietor.

QuestionAnswer
Form NameAknowledgement For Sole Propritorship Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namessole group attestation, nys dba form sole proprietor, new ny 07 134 sole proprietor, sole propietor certficate on tax form

Form Preview Example

Sole Proprietor and Group of One Attestation Form

I. Business Organization Information:

a. Name of Organization: Tax ID # or SS #:

Primary Business Activity

Address:

City:

 

State: _____________ Zip:

 

 

 

 

 

 

 

b. Contact Information for Business Organization

 

 

 

 

 

Name:

Fax:

 

 

 

 

 

 

Title:

 

Phone Number:

 

II. Sole Proprietor Attestation:

By executing this document, I hereby attest that: (i) the above described business organization is not an association, group purchasing organization or employee leasing organization and was formed for a lawful business purpose and not for the primary purpose of obtaining group insurance; (ii) I am the owner and operator of the above described business organization; (iii) I work a minimum of twenty (20) hours per week for this business organization; I derive the majority of my earned income (non-passive or non-investment) from the income generated from the above business organization; (iv) I seek health coverage only for myself and my eligible dependents through the above described business; (v) I (and my eligible dependents) am the only person eligible for health coverage through the above described business organization; (vi) I will promptly advise Oxford in the event that any of the statements made in this Attestation are no longer accurate.

III. S-Corporations with “One Eligible Employee” Attestation:

By executing this document, I hereby attest that: (i) the above described business organization is not an association, group purchasing organization or employee leasing organization and was formed for a lawful purpose and not for the primary purpose of obtaining group insurance; (ii) I am the sole shareholder of the above described business organization; (iii) I am currently employed by the above described business organization and work a minimum of twenty (20) hours per week for the business organization; (iv) I derive the majority of my earned income (non-passive or non-investment) from services provided to the above business organization; (v) I seek health coverage only for myself and my eligible dependents as listed on my enrollment form; (vi) I (and my eligible dependents) am the only person eligible for health coverage through the above described business organization; and (vi) I will promptly advise Oxford in the event that any of the statements made in this Attestation form are no longer accurate.

IV. Tax Forms and other Documents (applicable to both Sole Proprietors and S-Corporations):

By executing below, I agree to provide upon request appropriate tax forms to Oxford to validate the eligibility status. Before application will be considered, the applicant must execute this Attestation Form and provide the tax information and related documents indicated on the attached correspondence. Oxford reserves the right to modify these documentation and eligibility requirements in the future.

The undersigned certifies that, to the best of his or her knowledge and belief, and under penalty of perjury, the information listed above is true and complete.

X.

Signature of Applicant

Date

Insurance products are underwritten by Oxford Health Insurance, Inc.

Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each violation.

NY-07-134

9503 R2

How to Edit Aknowledgement For Sole Propritorship Form Online for Free

Follow these steps to complete the acknowledgement for sole proprietorship form accurately and submit it for health insurance eligibility review.

  1. Download the PDF form. Use the download button at the top of this page to save the acknowledgement for sole proprietorship form to your device.
  2. Enter your business details. Fill in your legal business name, federal tax identification number (EIN or SSN for sole proprietors), primary business activity, and business address and contact information.
  3. Read the attestation statements carefully. The attestation section contains legal declarations about your business status. Review each statement before signing to confirm it accurately reflects your situation.
  4. Complete the ownership and income attestations. Confirm that you actively operate the sole proprietorship, that you derive your primary income from the business, and that you are not employed full-time by any other organization. For S-corporation shareholders, also confirm your role as the sole employee and sole shareholder.
  5. Sign and date the form. Provide your printed name, signature, title, and the date of completion. Signing certifies that all information is accurate and that you understand the consequences of providing false information.
  6. Retain supporting tax documentation. Keep a copy of your most recent federal tax return and business registration documents in case the requesting organization requires verification of your sole proprietorship status.

If you need related business documents, the sole proprietorship resolution form and the small business self-certification statement are available on FormsPal. For health coverage documentation, see the health insurance application form.