3 ms·
Why register as a not-for-profit when you’re profitable?
by germinalphrase 5y ago
Why register as a not-for-profit when you’re profitable?
- dragonwriter 5y ago> Why register as a not-for-profit when you’re profitable? If your purpose isn't to return a profit to stakeholders, but to serve some social purpose eligible for charity nonprofit status plus like “pediatric healthcare”, registering as a nonprofit gives you more surplus revenue because of tax exemption and the ability to accept donations that are tax deductible for the donors. It’s also often good PR.
- stevehawk 5y agonothing about being not-for-profit means you can't make a profit. it just means you don't return those earnings to the shareholders and thus find yourself governed by those shareholders.