Respuesta :
Non-profit businesses are geared towards helping society while for-profit businesses are geared towards making money and paying the owners of the company. There are many differences but this is one of the biggest differences. One other difference might be that for-profit businesses have to pay income tax while non-profit businesses do not.
Non-profit businesses are equipped towards aiding society while profit driven businesses are outfitted towards bringing in cash and paying the proprietors of the organization.
What is the difference between a profit and non-profit business structure?
Any business substance, whose essential point is to create profit from the normal tasks, with the end goal of expanding the abundance of proprietors, is called as a profit association.
The Profit procured by such substances is either held in business, for future possibilities, as stores or disseminated to the proprietors as the profit. The business construction can be a sole ownership, association, Hindu Undivided Family, joint endeavor or organization.
A non-profit association, as the name propose is a lawful association whose basic role is to advance public great instead of creating gain. These are a together established by a gathering for a typical reason, for example to offer support to individuals and individuals. The overseeing council cares for its administration which comprises of a gathering of people, picked by the individuals from among themselves. They are pointed toward embracing a social reason or supporting a specific viewpoint.
Therefore both the structure helps to bring profit to a organization in both the long run and the short run.
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