Statistical Snapshot Street vendors are a large and very visible workforce in cities, yet it is difficult to accurately estimate their numbers. Official statistics are available for some countries, though they may underestimate the population engaged in street vending see Challenges of Gathering Statistics on Street Vendors. Street trade accounts for a significant proportion of informal non-agricultural employment in Africa. In some Asian and Latin American cities, street vendors form a large portion of the urban workforce:
Advantages and disadvantages of Sole trader Advantages and disadvantages of Sole trader A sole trader business is one of the company business structures acceptable all over the world. It is considered to be the simplest and cheapest form of business structure that anyone can start.
In most, sole trader Business Company is often done through the name of the trader or proprietor. Given that, Abraham wants to start up a small catering cum restaurant business he must consider going for a license to operate the food premises and permit from the environmental health authorities.
There are various advantages and disadvantages of running this type of business. Abraham needs to be aware of the advantages of sole trader business company which are as follows; First; Sole trader company does not have partners which means that the proprietor has to work alone and in legal terms you are a single entity, meaning the proprietor and the business are one.
Abraham can actually name the business after his name like Abraham Catering Services. Therefore, Abraham will find it easier to start and run this business on his own. Secondly; this type of business structure does not require any legal formation or an elaborated process for formation.
Abraham will be making his own decisions and also control his own assets. Although, it is necessary it there is no legal requirement to register this type of business with the government.
However, in the case of Abraham since it deals with the public consumption of food it is necessary for it to be registered for the purposes of Tax. Sole trader also has several disadvantages which Abraham must bear in mind.
This includes; first; Given that sole proprietorship company does exists as a legal entity, it would mean that the proprietor must face some tax implications.
Secondly, sole proprietorship does not have legal business protection against liabilities or debts in case the fails.
In addition, if your business is sued in the court then it means that the proprietor must bear all the costs and at the same time would be liable to judgement.A Day in the Life of a Trader Follow On my first day as an intern at Nomura, the class was asked who thought they wanted to become a trader, .
The board of directors manages the day-to-day functioning of an organization (Mintzberg, ). The board of directors is responsible for monitoring and controlling a firm (Bamford et al., ). Continue reading “Essay: Board oversight responsibilities in joint ventures”. Personal Development.
Personal development includes activities that improve awareness and identity, develop talents and potential, build human capital and facilitate employability, enhance quality of life and contribute to the realization of dreams and aspirations.
A prize winning essay: Why it matters to understand the informal economy The informal cross-border trader has a dark side to the process of .
Home Essay Writing Samples Advantages and disadvantages of Sole trader Advantages and disadvantages of Sole trader A sole trader business is one of the company business structures acceptable all over the world.
the more personal, intimate type of INFORMAL ESSAY. It deals lightly, often humorously, with personal experiences, opinions, and prejudices, stressing especially the unusual or novel, and not having to do with the varied aspects of everyday life.