Certainly! Properly formatting a letter, especially for formal correspondence, is crucial. Below is a detailed guide on where to place the address and the closing statement, following your specified requirements.

Placement of the Address
- The address of the recipient should be placed on the **left side** of the letter.
- Format the address as follows:
- Name of the recipient
- Title or designation (if applicable)
- Company or organization name (if applicable)
- Address line 1
- Address line 2 (if needed)
- City, State, and Zip Code

Example:
plaintext
Mr. John Doe
Manager
XYZ Corporation
123 Main St.
Suite 456
Springfield, IL 62701

Placement of the Closing Statement
- The closing statement, such as "Yours faithfully," should also be aligned to the **left side** of the letter.
- It is typically placed **two lines below the final paragraph** of your letter.

Example:
plaintext
Thank you for considering my application.
I look forward to your positive response.
Yours faithfully,
[Your Name]
[Your Title (if applicable)]
[Your Contact Information]

Final Tips
- Ensure that your letter maintains a professional tone throughout.
- Use a clear and readable font (like Times New Roman or Arial) and standard size (usually 12pt).
- Maintain consistent spacing and margins for a polished look.
By adhering to these guidelines, your formal letter will be correctly formatted and visually appealing.