Deciding whether to be a for-profit or nonprofit company is a significant milestone for any entrepreneur starting a new business. In today’s podcast, Peter and Alexander discuss the central differences between nonprofit and for-profit corporations and what might make an entrepreneur choose one entity type over the other. Peter explains the four main factors he advises his clients to consider when making this decision—mission, market, capital, and control—as well as a few tips on how to maintain control comparable to a for-profit company while acting within the restrictions of a nonprofit. Listen now to learn more about the pros and cons of choosing between these two entities.
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