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Unformatted text preview: Jabbaar Evans Dr. Richard Bergstrom, Sr. PHI-384 Application Project 1 February 16, 2011 Should nonprofit groups operate like businesses? What are some of the potential benefits of doing so? The potential dangers? I think that nonprofit groups should act as they say they are Nonprofit Organizations. Applying business fundamentals to nonprofit organizations take away from what it is intended for, not for profit. By acting like a business a clear benefit would be bigger profits for their investors and trustees. The dangers for converting would be their loss of tax exempt status. Should businesses operate more like nonprofits? What are some of the potential benefits of doing so? The potential dangers? Businesses exists to financially benefit its stockholders, so acting like a nonprofit would change their revenue making model thus decreasing their revenue earnings for their investors.. In changing their status from a business model to nonprofit status, they will be rewarded by being able to claim a tax exemption...
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This note was uploaded on 02/25/2011 for the course ACCT 201 taught by Professor Evans during the Spring '11 term at Thomas Edison State.
- Spring '11