Question
aaliyah is a sole proprietor who is creating a single member limited liability company All of the following statements about the assets and liabilities of
aaliyah is a sole proprietor who is creating a single member limited liability company All of the following statements about the assets and liabilities of her business are correct except: A all of alliyahs existing business debts will automatically transfer to the LLC when the LLC is registered with her state government B Because aaliyah personally owns all of the assets she may have to convert them to personal use C AAilyah should transfer the nonresidential real property she owns into the llc name D AAliyah should not use personal bank accounts for the business Instead she open accounts using the employer identification number and name of LLC
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