English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2007-06-28 15:40:37 · 3 answers · asked by clueless 2 in Business & Finance Corporations

3 answers

Non profit, not None Profit. Anyhow they still sell things and pay their employees and everything, but they don't have stockholders or private owners essentially they just keep any money they make (in reserves). Since they are a non profit they really don't have much incentive to make huge amounts of money (still can't lose alot of money or they will become insolvent) so its rare they do make much money.

Also, they usually exist to help some group out or to further some cause or soemthing (could be to fight hunger or lobby for legislation to help energy companies - really wide open as to what they might do).

2007-06-29 05:01:42 · answer #1 · answered by Slumlord 7 · 0 0

Essentially, the same as a for-profit. But, you can't retain profits, and your taxes are done a little differently

2007-06-28 16:08:59 · answer #2 · answered by jdkilp 7 · 0 0

Look one up in your town, call and schedule an appointment with their Executive Director or President, and ask.

2007-06-28 15:44:42 · answer #3 · answered by Mike Frisbee 6 · 0 0

fedest.com, questions and answers