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  • Okay, but was does this mean?
  • Yeah. What do we get out of this?
  • Alright guys.  It's time we switch our company to not-for-profit.
  • So how does this help us?
  • A not-for-profit means that a company cannot make a profit for its work.  They often operate for religious, educational, scientific or charitable purposes.
  • Does this mean we're not going to get paid anymore?
  • Not-for-profits help companies achieve their goal more efficiently, and is tax exempt. 
  • So what about yourself, you own the company, do you not get paid?
  • No, not-for-profits still pay their employees, but the owner cannot make a profit 
  • So what happens to all the extra money we make?
  • I still get paid, but I must give myself a set salary before every year.
  • Thanks for explaining not-for-profits, I think this will help us complete our mission!
  • Any left over money is reinvested into the company, to help achieve our mission
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