Facetious
Moderated
For-profit distinction
Most experts consider the legal and ethical restrictions on the distribution of profits to owners or shareholders as what fundamentally distinguishes NPOs from commercial enterprises. The use of the term "not-for-profit" rather than "non-profit" has been debated within the field. While there are definitive preferences for one term or the other, there is no broad consensus. [1]
NPOs generally do not operate to generate profit, a characteristic widely considered to be defining of such organizations. However, an NPO may accept, hold and disburse money and other things of value. It may also legally and ethically trade at a profit. The extent to which it can generate income may be constrained, or the use of those profits may be restricted. NPOs therefore are typically funded by donations from the private or public sector, and often have tax exempt status. Donations may sometimes be tax deductible.
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^ Not my favorite source for accurate info
(should suffice here though)
I have always wondered about some of these entities, but never actually sat down to check.
I wonder how many millionaires are made with the exception entity.
I couldn't help but notice a certain demographic of those who exploit this exception . . .
Better do your homework if you're of the soft hearted type, you may just be making the law - loophole dwelling bastards all the greater $$$ !
Know the law - Know how to defy it.
:crash: