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The entity may accept, hold and disburse money and other things of value. A generally has ''members'' as opposed to ''owners''. A not for profit entity is allowed to make a Profit , and therefore the term 'non profit' is incorrect. A not for profit entity may legally and ethically accumulate wealth, and trade at a profit. Some examples of organizations that would probably be founded as not for profit entities include Charities , foundations, and IPS es. In Australia , a not for profit entity is often identified by the suffix "Inc.", whereas a profit-making corporation is often identified by the suffix "Ltd." SEE ALSO |
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