not for profit businesses Flashcards
1
Q
what do not for profit businesses get
A
tax relief and can apply for certain grants
2
Q
can be hard to set up and maintain because… (disadvantages)
A
many rules to follow and may not have a stable income, uncertainty about how much finance they will have
3
Q
what are social enterprises
A
similar to for profit businesses but they want to use their profits to benefit society. dont rely heavily on donations like not for profit charities
