Which one of the following statements about a sole proprietorship is not correct?

		The owner of a sole proprietorship cannot employ himself
		A sole proprietorship is the most risky form of business ownership
		Income (or loss) is included in the sole proprietor's income and taxed at the rate applicable to the owner
		A sole proprietor who carries on business in his own name must register under the Business Names Act

Which of the following statements is true of a partnership?

		A partnership is essentially a corporation with more than one owner
		Liability of each partner for the debts of the partnership is unlimited
		A partnership must have a written agreement between the partners
		A corporation cannot be included as a member of a partnership.