Hi guys welcome back to my channel welcome if you're new i hope you're having a fantastic day wherever you are my name is xenia and i make videos for people who like myself are going through the family-based immigration process i'm not an immigration attorney and i cannot give you any legal advice my videos are based on my personal experience the experience of my subscribers and publicly available information the purpose of my channel is to give you guys the confidence to go through this process completely on your own in today's video we're going to talk about the affidavit of support once again specifically the affidavit of support for self-employed sponsors and sponsors who are business owners this information will apply to you if you are the petitioning sponsor or a joint sponsor so before i begin i really want to emphasize the fact that i am not an attorney or a paralegal and you should use this video purely for informational purposes if you have received a request for evidence related to the affidavit of support i highly suggest that you check out my videos however i also recommend that you schedule a consultation with an immigration attorney who can look over your file and your evidence before you submit your response to the uscis request for evidence now let's address the elephant in the room uscis does not like business owners it may sound harsh but in reality the practices that uscis have been employing when reviewing files of self-employed petitioners or self-employed sponsors has shown us that they really really struggle with approving your files your financial information your affidavit of support when you are self-employed or when you own a business if you are familiar with the affidavit of support already you know that one of the most important pieces of information that they look for is your us tax returns a sponsor ...
What you should know about Affidavit of Self-Employment
- Anticipated earnings for the next 12 months
- Previous year's income
- Please attach a current financial statement, accountant's statement of Net Business Income, income receipts, or any documentation you can provide to corroborate the above income projections.
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How to prepare Affidavit of Self-Employment
About Self Employment Affidavit
A Self Employment Affidavit is a legal document that is used to declare the nature and details of one's self-employment activities. It serves as a statement of income and business-related information and is commonly required by various entities, such as government agencies, financial institutions, lenders, landlords, or other organizations involved in financial transactions. Individuals who work for themselves or have their own business, usually without being employed by any company or organization, often need a Self Employment Affidavit. This applies to freelancers, independent contractors, sole proprietors, consultants, entrepreneurs, or anyone who earns income through their own business ventures. The affidavit provides proof of income and relevant financial information, typically required for loan and credit applications, tax purposes, lease agreements, or government assistance programs. The self-employed individual may be asked to provide details of their business operations, such as the nature of the business, hours worked, clients or customers served, revenue generated, and expenses incurred. Additionally, they may need to disclose information about their estimated income, tax returns, business licenses, permits, or any other relevant documentation that demonstrates the authenticity and stability of their self-employment. The Self Employment Affidavit ensures transparency and accountability while affirming the individual's legal and financial obligations as a self-employed professional. It serves as a critical document in validating their income and business activities, helping stakeholders make informed decisions regarding financial transactions or assistance applications.