difference between not for profit organisation and profit earning organisation (businesses firm)?
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Non-profit organizations have no owners. ... While for-profit organizations are responsible for paying taxes based on their net income, nonprofit organizations are exempt from paying income tax.
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A for-profit can raise money from private investors, for which it must give equity or dividends to shareholders; ultimately, a return on investment is expected. A nonprofit, on the other hand, can seek donations from individuals, foundations and corporations.
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