For-profit vs. not-for-profit co-operatives

For-profit vs. not-for-profit co-operatives

 Excerpt:

 Introduction 

The concept of not-for-profit vs. for-profit is one that can often be challenging for groups and organizations when considering a corporate structure for their group.  Not-for-profit status can often be  confusing because it has a particular connotation related to   income tax, which requires filing information with different government departments or agencies than those that apply to for-profit business and the operations of a for-profit business.  With co-ops, not-for-profit status is less closely tied to corporate form than for typical not-for-profit corporations, which has   practical impacts for groups to consider. 

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