What is the difference between nonprofit&not for profit?

Answer There is no legal difference between a nonprofit and a not for profit. Organizations tend to select one and use it consistently. Those that choose not for profit, do so to emphasize that no indiv... Read More »

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What Is the Difference between For-Profit and Nonprofit Grants?

A financial grant is a gift or subsidy given by the grantor to the recipient or grantee. Those who bestow grants include government entities, businesses and organizations. To qualify as an applican... Read More »

Why Is Economic Profit a Better Measure of Profit Than Accounting Profit?

Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on t... Read More »

What Is the Difference Between a Profit Theater & a Not for Profit Theater?

The simplest difference between a not-for-profit theater and a for-profit or commercial theater is that the former uses a majority of its margins to further its purposes, while the latter is a busi... Read More »

How to Calculate Gross Profit for Loss of Profit Insurance?

Many businesses purchase loss-of-profit insurance, also called “business interruption” insurance, to cover a loss of ability to operate due to circumstances outside of the business’s control,... Read More »