Hacker News new | past | comments | ask | show | jobs | submit login

It does turn a profit. You can be a non-profit and still turn a profit. You just don’t get taxed for generating income the same way, since we assume the profits help the greater good; since, we as a people, (not greed)(ideally) deemed it to be so.



That's not the main difference. The main difference is that the profits can not be paid out investors. They have to be re-invested in the company.




Applications are open for YC Winter 2020

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: