An Introduction To Not-for-profit Organisations

Monday 7th November 2011

Cobweb Information

Introduction

A not-for-profit (sometimes called a non-profit) organisation does not distribute any surpluses made from its activities to owners or shareholders. Indeed, it does not have 'owners' in the normal sense of the word. Instead, all surpluses are put back into the business or reinvested in the local community. The term 'not-for-profit' is not a formal legal structure however, but...