Title: Explain the advantages and disadvantages of operating as a for-profit or nonprofit organization.
Course: Sports and Entertainment Management (12163-II) > Section: Explaining the Structure of Sports and Entertainment Businesses

Explanation should include

- advantages of for-profit (e.g., business growth and investment potential)
- disadvantages of for-profit (e.g., loss of revenue and business risk)
- advantages of nonprofit (e.g., tax exemptions and more public support)
- disadvantages of nonprofit (e.g., skepticism, insufficient volunteers, excessive accountability requirements, government regulations).

Process/Skill Questions:

- What are the tax implications for a profit vs. a nonprofit organization?
- What are the primary fundraising options for a nonprofit organization?
- Why would it make sense to start a for-profit vs. a nonprofit organization?
- Instead of profit, what is/are the main goal(s) of a nonprofit organization?