Nonprofit vs For Profit

For Purpose Live

English - November 17, 2021 05:00 - 17 minutes - 25.6 MB - ★★★★★ - 1 rating
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I often get asked from those who have yet to launch their business whether or not they should start a nonprofit or an LLC or for profit. It’s a great question because there are some distinct differences and just because you are wanting to build a business around a social cause doesn’t mean it has to be a nonprofit, but there are some benefits to 501(c)3 or nonprofit status. So, in this episode I’m giving an overview of the key differences so you are better equipped to make a decision on which one is right for you.

In this episode you will learn about:

The difference funding sources and taxation laws
The differences between the organizational structure and what that means for your intellectual property and control over the organization.
Implications for staff and volunteers.

Check out my free masterclass at kotulo.com/startup

Join the facebook group at https://www.facebook.com/groups/kotulononprofitacademy