You run a shoe business out of your own home as a sole proprietor and enter into several contracts in your own name. A year later, your business is making enough money that you choose to form as a corporation to save money on taxes and receive greater liability protections. As part of this formation process, you desire to transfer all of the rights and obligations under your contracts to your newly created corporation. Can you do so$?$Group of answer choicesNo, since the contracts were signed in your name as an individualYes, through a novation and assignmentNo, unless the party who you signed the agreement with consents to this transferYes, but only if you do not take on other shareholders who can control part of the company