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Aaliyah is a sole proprietor who is creating a single-member limited liability conipany. All of the following statements about the assets and liabilities of her
Aaliyah is a sole proprietor who is creating a single-member limited liability conipany. All of the following statements about the assets and liabilities of her business are correct ExCEPT: N of Aalyahis existing business dett wil aulomaticaly trambler to the LLC when the LLC is reyastered with her stade government. Becaise Aaliyah personsly owrs all of the assets, she may convett them to personal use. Aalyah should banster the ronresidertial fed property she owns iflo the ILC nume. Aalyah should not use personsl bank accounts for the business. Insiead, she should cpen accounts using the eanployer identfication number and name of the LiC Mark for totiow up
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