Walter and Jesse dissolve their partnership, but Walter wants to continue to the company on his own as a sole proprietor. Which statement is false? Walter and Jesse dissolve their partnership, but Walter wants to continue to the company on his own as a sole proprietor. Which statement is false? Walter would file a statement of qualification with the Secretary of State. Walter would pay taxes on the company's earnings. If Walter dies, the sole proprietorship is terminated. Walter has personal liability for the company's debts.