NONPROFIT SECTOR Form

Instructions and help about NONPROFIT SECTOR

nonprofits can be a great way to help groups of people or other organizations who otherwise might be struggling the term nonprofit is thrown around a lot but what exactly is a non-profit and how do they work in this video we'll go over what a non-profit corporation is and explain how they differ from other business structures so what is a non-profit corporation a non-profit corporation as the name suggests is a legal entity that exists for some defined purpose which doesn't seek to make a profit by contrast llcs and corporations are legal entities that exist to make a profit a non-profit corporation is purpose driven think charities churches and social advocacy groups a company whose goal is not to make a profit for themselves typically they're an organization that wants to make money in order to help further a social cause or provide a public benefit what this means is that after operating costs things like office expenses paying employees and any other materials they may need to run