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What is a For-Profit Company?

For-Profit companies seek to maximize profit and consider Corporate Social Responsibility & Social Impact as an add-on to the core business agenda.

“A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, unlike those of the public (non-profit corporation).”

“A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership of the corporation by giving away certain amount of money (differentiating from company to company) or assets of a particular value. Such organizations are usually not aided by the government as they are working for private financial gains, unlike a non-profit organization, which exists to serve a mission. The nature of a for-profit corporation is such that it is required to pay applicable taxes and register with the state. Any donation which they receive will also be subject to the tax policies of the concerned country. [2]  As these organizations are all corporations and have a separate identity from their owners the owners are not in their personal capacity required to satisfy any debts which the company might owe to anyone.

“For-Profit Corporation.” Wikipedia, Wikimedia Foundation, 21 Feb. 2020, en.wikipedia.org/wiki/For-profit_corporation.
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Our Mission & Vision

Mission

Harness Social Impact to accelerate the evolution of business

Vision

The Social Impact Economy powers a new business definition for success