Nonprofit vs For-Profit: Which should I start?

Discover the different operations of a nonprofit vs for-profit organizations. Then, learn whether or not your business model should be moved forward as a for-profit company or a nonprofit organization.

[nataliarodriguez]

Non-profit: assets in nonprofit have to stay in the nonprofit space
for-profit: assets can leave and go to shareholders

[bugattibezzy]

Thank you, for no holding on to information. You just earned the new subscriber!

[GitMunny]

You just saved me countless hours of research. Thank you kind sir!

[GenkiHagata]

This was super helpful in deciding which to pursue. Thanks!

[robindefleice]

Thank you so much, your video gave me a lot to think about.

[through-the-noise]

Dude this is incredibly helpful; thank-you!

[bolaelie]

Thank you so much. Very clear and simple

[lnkinc]

Thanks for the video. I need to see if anyone can guide me to where I can speak with someone in more detail on advice for which one or other options I should go with ? Thank you for any suggestions !

[fasttrackcreditconsulting]

Thank you so much for the great info. Can a nonprofit organization be an LLC or can it be only Inc? Also, which tax exempt IRS form goes for the 501c3? Is it 1023 or 1023 EZ? Thanks.

[priceizrght]

Thank you so much for this breakdown!!

[randy]

Can you change the mission of the non-profit corp?

Where you want to go from beans to advertising/public speaking?

[Salesman]

What would a sports promoter be considered? I'm which they have to get sponsors and also rent out venues and production crews to produce something like a boxing event?

Are those non profit or for profit startups?

[jessiejesenia]

This is was helpful and direct, how all videos on youtube should be. God bless you & thank you.

[smalladventures]

❤❤❤ thank you God bless I need to hear this today 😊

[ArielleGary]

First, thanks so much for your information! I would love to have your thoughts on my situation. I'm a speaker and I focus on elementary schools. But I have been asked by parents and some schools about a mentoring program, or curricula. It was suggested to me to start a Non Profit and place that programming under that Non Profit. Not sure what your thoughts are, but I'd love some feedback on why this could be a good idea or a bad idea. Thanks in advance! (Hoping that you respond!)

[kingvdarkness]

Please may I ask whether this applies to USA only or UK too?

[m.j.mcintear]

Would love a update on this now that all llc has to

[dogchronicles]

I am trying to open a business in loving memory of my daughter who I lost at 31 weeks this past January 2020. She was born sleeping. I out her footprints on a mug and it was so pretty I thought it maybe a good business to start. She now has her shop on Etsy, and the goal is to give 20% of the sales to organizations that help parents that lost babies like me. I cannot give 100% of the profit but maybe 20% depends on the sales because it cost money and time to make the mugs. Would this be considered a profit or not profit is I donate 20% but keep the rest to pay for supplies and my salary ? Thank you!

[ashockablack]

Is a charity consider" For profit?"

[maxnicastro]

Could I shoot you an email explaining which path I should be going down. Non or for profit...quickly, I’m a retired professional hockey player and I exercise shelter dogs on my rollerblades. I have 5 shelters I skate and it’s going well but I need some guidance.