If you have a business idea, or an idea for a service for your community, you can structure as three methods. One is a for-profit business model of which owner holds personal (or corporate) title to the business and all its assets, and can borrow against the business, or sell it and keep the profits. Another is a non-profit organization. Many non-profit agencies generate income through contracting with other organizations to provide services. The other is called a dual for-profit/non-profit structure. If you have a business that provides a service that could potentially be made available to clients in need, this structure may work for you.
There are three business types: a for-profit business, a non-profit corporation and a dual for-profit/non-profit structure. The owner of a for-profit business possesses all its assets. The income generated by a non-profit organization belongs to the non-profit agency. And if you are going to provide a service that could be for the poor, the dual for-profit/non-profit structure is suitable.
Eunji: Your summary is good. I especially like that you used "clients in need."
Rando: Excellent summary. My only objection is the connation with the word "poor." Eunji used "clients in need" which shows respect and an equal playing field. When we refer to someone or a group as poor, there is an inequality built into the underlying meaning of the term, thus a self-righteousness on behalf of the "writer" calling others "poor." It is more politically correct to use Eunji's term as it is more humanistic and sensitive.
3 comments:
If you have a business idea, or an idea for a service for your community, you can structure as three methods. One is a for-profit business model of which owner holds personal (or corporate) title to the business and all its assets, and can borrow against the business, or sell it and keep the profits. Another is a non-profit organization. Many non-profit agencies generate income through contracting with other organizations to provide services. The other is called a dual for-profit/non-profit structure. If you have a business that provides a service that could potentially be made available to clients in need, this structure may work for you.
There are three business types: a for-profit business, a non-profit corporation and a dual for-profit/non-profit structure. The owner of a for-profit business possesses all its assets. The income generated by a non-profit organization belongs to the non-profit agency. And if you are going to provide a service that could be for the poor, the dual for-profit/non-profit structure is suitable.
Eunji:
Your summary is good. I especially like that you used "clients in need."
Rando:
Excellent summary. My only objection is the connation with the word "poor." Eunji used "clients in need" which shows respect and an equal playing field. When we refer to someone or a group as poor, there is an inequality built into the underlying meaning of the term, thus a self-righteousness on behalf of the "writer" calling others "poor." It is more politically correct to use Eunji's term as it is more humanistic and sensitive.
Maria
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