Learn how to structure your business in accordance with your goals. From LLC to sole proprietorship, to the recent B Corp designation—there are many tax and ownership implications of being a for-profit business. Or if you're setting up a nonprofit business, it's important to understand the parameters of how they work.
- Is a profit really necessary?…Does a company really need to focus…on knocking down its competition and growing?…Let's explore not-for-profit businesses,…how we they're different from for-profit businesses…and when they might be appropriate for your business.…Non-profits are built so that a profit motive…does not get in the way of the services they deliver.…There are entire markets dominated by non-profits.…This is true for medical care, education,…religion, social services, and even insurance.…In these markets, a profit motive can be ignored…and the focus can instead be on meeting a client's need.…
Non-profits come in many forms:…co-ops, mutual organizations, credit unions, and charities.…They're all structured to funnel profits…back into the business or go to the clients…in one form or another.…Some non-profits are pure charities…that rely on donations to deliver services.…Others are businesses that generate…a tremendous amount of revenue.…But don't be fooled by the name.…Non-profits must still cover their costs.…
LinkedIn Learning (Lynda.com) is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- Choosing a company structure
- Cash flow
- Borrowing money
- Investing and reinvesting
- Financial health best practices