Differences between for profit and non-profit organizations

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An exercise to discern the differences between for profit and non-profit organizations. They are perceived as very different.

-Would you say that businesses and non-profits are largely the same entities, or dramatically different? Give reasons for your conclusions. Then submit the answers to these questions:

-What advantages do non-profits have over businesses?

-What declarations does a business and non-profit have to make from a legal point of view?

-Do the Profit and Loss Statements of profit and non-profits look the same or not? Why?

Add other comments or references that are pertinent to the subject and submit your work to this assignment.

Reference no: EM133021979

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