NONPROFIT, NOT-FOR-PROFIT, VS FOR-PROFIT – WHAT’S THE DIFFERENCE?
NONPROFIT, NOT-FOR-PROFIT, VS FOR-PROFIT – WHAT’S THE DIFFERENCE? When you’re starting a business, it’s likely you’ll hear the phrases “nonprofit” and “not-for-profit” thrown around. It’s also easy to assume these two terms mean the same thing. However, nonprofits and not-for-profits are business structures with different tax implications, governance and functions. Both of these entities contrast …
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