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?