Rewrite the following sentences. Replace the words in italics with expressions from the text which have the same meaning. 1. The "sole proprietor" may keep all the profits derived from "his business".
2. A sole proprietorship is the easiest to "initiate" and the easiest to "terminate".
3. There is the "opportunity" to be successful, but also the "owner takes a chance" on financial ruin.
4. His personal assets can be used to "pay" the debts in the "event" of bankruptcy.
5. The "joint owners" owe all the "liabilities" and pay personal income taxes on their part of the profits.
6. The ability to "borrow money" is greater in a partnership because the personal "property" of the partners can be used to get a loan.
7. In the case of "business failure", the "responsibility" of the corporation for its debts is limited.
8. The board of directors "keeps" part of the profits to "increase" the "capital" of the corporation.
9. The "stockholders" pay personal income taxes on their "profits from stock".
10. The activities of the corporation are closely "watched" by the government.

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