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



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.

…Continued in attachment.