During a registration workshop, the instructor adds this setup first. Assume the administrator is testing the cleanest state-law answer. If an investment adviser organized as a partnership dissolves and forms a new LLC that will continue the advisory business, what must the new LLC do to continue transacting business in the state?

1. AThe new LLC must file a new application for registration, but may do so without paying a new filing fee for the current year.✓ Correct answer
2. BThe new LLC can operate without registration for 90 days.
3. CThe new LLC may rely on the old partnership's registration until the next renewal.
4. DThe new LLC must file a new application and pay a new filing fee.

Reading one answer is not the same as being ready

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