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How to prepare Form CG-719B

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About Form CG-719B

If you did not have the reference number prior to this reference number process, you would need to request one. The CG-719 forms are available on the Coast Guard's website at CG-719/CG-719B_0113, or click on the link to the right to view the CG-719B form. See the CG-719B brochure for complete copy and instructions. You MUST do this form on your own because the forms are provided on the Coast Guard's website. You should have received the reference number from your consultant if you have paid them. If not, you must ask for this one. What is the CG-719B Form? If you used an outside contractor to do the application, this form will not include a reference number. This is if you paid an outside consultant.

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FAQ - Form CG-719B

What is the purpose of Form CG-719B?
It provides a complete statement of information to be used in preparing the application, the Statement of Exempt Organization and Statement of Related Business; and The business type is limited to the applicant's trade or business activities. The form must be signed by each director, officer, employee, or successor, and it must contain written evidence of ownership of the business. What does a “direct descendant” of another member business have to do to obtain exemption? The director is not required to have owned the parent company of the direct descendants of the direct descendant in order to take advantage of the exemption on Form CG-719B. What does a “direct descendant of an office or employee” have to do to obtain exemption? An exempt organization must be an exempt association of a trade or business or a trust of an employee with a limited liability company, limited partnership, limited-liability company, corporation, or other organization that has existed in Texas for five years or more unless it is also an exempt organization under Chapter 411 and the regulations and administrative proceedings thereunder. A direct descendant must own, directly or indirectly, at the time of taking an exemption, at least one-third of any limited liability company, non-profit corporation, limited partnership, limited liability company partnership, or other organization for which he or she is the director, officer, employee, or general partner or that is controlled by him or her, or at least one-third of any partnership, limited liability company, corporation, or other organization for which he or she has been an officer, agent, stockholder, trustee, nominee, or nominee agent in a transaction from which he or she was not removed during the three years preceding the filing of the application to obtain exemption. The term “direct descendant of an office or employee” shall include a person who has held and still holds a position, or has control of an office or an employee, in the organization being considered. The direct descendant must have a business and personal relationship with the director, officer, employee, or general partner or of the organization the director, officer, employee, or general partner controls. What is the meaning of “domestic corporation?” Domestic corporation means a wholly owned and controlled corporation organized under the laws of this state to carry on a trade or business within the state of Texas.
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