Difference Between Nonprofit and Not For Profit

What's the difference between non-profit and not-for-profit? There's a lot of confusion out there and a lot of people use the names interchangeably so the confusion is justified.

In this video I'll cover a little bit about non-profits, some of their value, and why people are using them or why they're becoming more popular as a couple different types of tax planning strategies as well as giving back to the overall community which, myself, I believe is an important part of any successful business is giving back to the community that supports you.

Please comment below if you've ever thought about starting a nonprofit or with any questions you have about nonprofits. Also please be sure to like this video and subscribe to our channel.

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Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.

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Disclaimer

The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#nonprofit #notforprofitorganisation

[amilcareschettini]

The video basic states that difference IS how you file it and the benefits. You can run the business the exact same but if you dont go through the paperwork its only a not for profit.

[RadVlahovic]

Can a non-profit owned by an individual be hire by another company that he owns ?

[blaqksteel]

What if a person is the sole provider for a non-profit or not-for-profit? A persion who itemizes allot and gives funds, donations, and time to charities, churches, non-profit organizations, and not-for-profit organizations.

[KW-mzpn]

No, you didn’t make this clear at all. Sorry I’m even more confused.