Non-Profit corporations encompass valuable resources available for your small business.
What Is It?
These businesses serve to benefit the public in some way, and in turn receive special tax deductions. Although the business model of a non-profit does not have profit as its primary consideration, the corporation must generate enough revenue to remain in operation.
Why Is It Important to My Business?
Generally, non-profit corporations may charge less for their services or include special discounts if your small business fits specific criteria. Although services from non-profits may run cheaper than comparable services of a for-profit corporation, the quality of a non-profit resource is not necessarily inferior to that of the for-profit. As a savvy business owner, you should consider both non-profit and for-profit resources as you build and grow your business.