Having started several business organizations, including LLC's, C-Corps, sole proprietorships and tax-exempt organizations, I am often asked the following question: "should I start a non-profit or a for-profit business?"
With the rise of socially-invested, mission-driven entrepreneurs, this question occurs more frequently than in the past. More people are forming businesses to address problems, provide value or build community. So how do you know what to choose?
In this post, I'll share some common-sense advice to help you understand the differences. However, I am not a lawyer and therefore you should consult one before making decisions about your business.