Put the following into Chinese. You can begin a word processing service out of your home, open a car repair center, start a restaurant, or go about meeting others ’ wants and needs of your community. To a sole proprietor, there are very few government and legal regulations to comply with. The sole proprietor owns all the business assets, makes all the decisions, takes all the risks, and keeps all the profits of the business. The business itself pays no tax, but the owner must pay personal income taxes on his profits.