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  1. marketbusinessnews.com

    A For-Profit Organization is one whose main goal is to make money, i.e., make a profit.It contrasts with a non-profit organization or not-for-profit organization which focuses on keeping itself going. Non-profit organizations usually have other non-business goals, such as helping the community. In contrast, for-profit entities often prioritize innovation and expansion to increase their market ...
  2. uschamber.com

    A key difference between a nonprofit and a not-for-profit is that nonprofits are run like a business, while not-for-profits are considered "recreational organizations" that do not operate with the business goal of earning revenue. Nonprofits also may have paid employees, whereas not-for-profits are run by volunteers.
  3. Aug 18, 2024Generally, for-profit companies seek to provide a product or service to consumers and make a profit by doing so. A nonprofit organization's purpose is to provide a service or benefit to the community with no intention of earning a profit. Instead, they're fully focused on improving the social aspect of their community and not on making money.
  4. accountingtools.com

    Nov 5, 2024Examples of non-profit entities are churches, festivals, and emergency services organizations. A key differentiating factor between for-profit and non-profit entities is that for-profit firms pay income taxes, which are then used to support various government entities. Some of these funds may also be used to support certain non-profit entities.
  5. en.wikipedia.org

    A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership of the corporation by giving away certain amount ...
  6. ca.indeed.com

    May 17, 2024For-profit businesses can have a variety of ownership structures, but the physical and intellectual property that the company employs is theoretically owned by whoever retains control of the company. There are no genuine owners in a non-profit organization. It's a publicly owned entity, and no member of the organization may take any of the ...
  7. globalsources.com

    May 14, 2024Nonprofit organizations (NPOs) are entities that are primarily focused on serving the public good rather than generating profits for private individuals or shareholders. These organizations are typically granted tax-exempt status by the Internal Revenue Service (IRS) under section 501(c)(3) of the tax code, which allows them to receive ...
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