In the US you need to register as a non profit, have a board of directors, etc. Even an LLC or INC that loses money is a "for profit" company. Most VC funded s

In the US you need to register as a non profit, have a board of directors, etc. Even an LLC or INC that loses money is a "for profit" company. Most VC funded startups fall into this category where they lose money each year with the goal of eventually turning a profit.