Bacon LLC is 98% owned by another LLC, Ham LLC. Bacon headquarter in the state of Gina, which encourages investment from alcohol manufacturers and in addition to various tax incentives has no minimum insurance requirements for alcohol manufacturers. Accordingly, Bacon caries just 20k in insurance and the vast bulk of its asset and cash is held under the name of Ham LLC. Ham transfer money into Bacon accounts as necessary to make payment.

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I feel like there is an issue in this statement but can't find exactly what the issue is. Please help! thank you!!