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Give TWO Distinctions between a “Not-for-Profit Organization and a “Trading Organization.

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Difference Between Not-for-Profit Organization and Trading Organization

S. No. Basis Not for Profit Organization Trading Organization
1. Purpose The main purpose of these type of organizations is to provide Services to a Specific Group or Public in general The main purpose of these type of organizations is to earn more and more profits .
2. Proprietorship Subscribers to the organization are members of the organization Individual or Group of Individuals who have taken risk of carrying the business are the Partners.
3. Profit /Surplus Profit in case of Not-for Profit organization is called Surplus . The amount earned after charging All Expenses and Losses is called Profit

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