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Starting Up: Nonprofit Vs. For-Profit Social Ventures
Weighing the pros and cons of setting up a social venture as a for-profit or nonprofit.
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Amy Campbell Posted: 10:58 AM On June 18, 2008
This article is a nice introduction to profit vs. non-profit. For more articles for start-ups and taxation issues, see the web site of the law firm of one of the attorneys quoted above. <a href='http://www.mbbp.com/attorneys/wry_charles.html'>Charles Wry</a> at <a href='http://www.mbbp.com/'>Morse, Barnes-Brown & Pendleton</a>, a firm that advises lots of Massachusetts <a href='http://www.mbbp.com/resources/business/startups.html'>startups</a>. Especially relevant is his article titled: <a href='http://www.mbbp.com/resources/business/entity.html'>Choosing the Proper form of Organization for a New Business Venture</a>.
jesse margolin Posted: 5:00 PM On June 17, 2008
One additional advantage to using a nonprofit format is in the ability to pay substantial compensation to employees for services rendered. The compensqtion must be reasonable under the circumstances, but there are no shareholders to second guess the compensation decisions. On the other hand, the Internal Revenue Service can object that compensation awarded is unreasonable under the circumstances.
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