Nonprofit vs For-Profit: Which should I start? 

Thank you, for no holding on to information. You just earned the new subscriber!

You just saved me countless hours of research. Thank you kind sir!

Non-profit: assets in nonprofit have to stay in the nonprofit space for-profit: assets can leave and go to shareholders

the best explanation I've heard!

Moral of the story: Buy more beans

This was super helpful in deciding which to pursue. Thanks!

This is was helpful and direct, how all videos on youtube should be. God bless you & thank you.

Thank you so much. Very clear and simple

Dude this is incredibly helpful; thank-you!

❤❤❤ thank you God bless I need to hear this today 😊

Can you change the mission of the non-profit corp? Where you want to go from beans to advertising/public speaking?

Thanks for the video. I need to see if anyone can guide me to where I can speak with someone in more detail on advice for which one or other options I should go with ? Thank you for any suggestions !

Thank you so much, your video gave me a lot to think about.

First, thanks so much for your information! I would love to have your thoughts on my situation. I'm a speaker and I focus on elementary schools. But I have been asked by parents and some schools about a mentoring program, or curricula. It was suggested to me to start a Non Profit and place that programming under that Non Profit. Not sure what your thoughts are, but I'd love some feedback on why this could be a good idea or a bad idea. Thanks in advance! (Hoping that you respond!)

Thank you so much for this breakdown!!

Please may I ask whether this applies to USA only or UK too?

Would love a update on this now that all llc has to

VERY HELPFUL!

Is a charity consider" For profit?"

Thank you so much for the great info. Can a nonprofit organization be an LLC or can it be only Inc? Also, which tax exempt IRS form goes for the 501c3? Is it 1023 or 1023 EZ? Thanks.

What would a sports promoter be considered? I'm which they have to get sponsors and also rent out venues and production crews to produce something like a boxing event? Are those non profit or for profit startups?

Do we have to sell tangible GOODS.

Thank you for this video!!

🐐 Big o thanks

I am trying to open a business in loving memory of my daughter who I lost at 31 weeks this past January 2020. She was born sleeping. I out her footprints on a mug and it was so pretty I thought it maybe a good business to start. She now has her shop on Etsy, and the goal is to give 20% of the sales to organizations that help parents that lost babies like me. I cannot give 100% of the profit but maybe 20% depends on the sales because it cost money and time to make the mugs. Would this be considered a profit or not profit is I donate 20% but keep the rest to pay for supplies and my salary ? Thank you!

Im about to do for profit organization real estate for low income people that want to rent or buy

So a nonprofit org can pay a salary to an owner and still be considered a nonprofit? That’s what I’m confused about. My husband and I are starting our own ministry doing public speaking events, marriages, etc... and are eventually wanting it to be our full time job. If we pay ourselves a salary the ministry can still stay as a nonprofit?

Why did they WANT to go for-profit?

Thank you for your videos. God bless!

Could I shoot you an email explaining which path I should be going down. Non or for profit...quickly, I’m a retired professional hockey player and I exercise shelter dogs on my rollerblades. I have 5 shelters I skate and it’s going well but I need some guidance.

Is it possible to talk to someone for help?

can you have both

Thank you, very helpfull

Thanks 🙏🏽

Is it possible to convert a profit to a non profit?

Beans, beans, the musical fruit. The more you eat, the more you toot.

Thank you

Can you build a for profit business/organization with donations like how you can with a non profit?

Bill Gates takes a $40 billion salary lol

What if upgrades are needed? Can the old equipment be sold to get funds for deposit on new equipment?

Thank you so much

So if I heard this right, a non-profit owner CAN make money or a salary? correct?

I am going to be a profit organization Will be more generous than these nonprofits