One of my buddies is doing a non-profit coaching thing in our sport. I was just curious how it works for being able to sustain yourself and live if your not supposed to profit?
Edit: thanks for the replies! I got it now!
In: Economics
The company is non-profit, meaning that all their income need to be spent, and none of it can go back to the owner at the end. That doesn’t mean that they can’t charge or can’t pay their employe. They can work kind of like any other company, they just can’t have profit at the end, all the money that remain need to be used.
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