To answer this question, please select “yes” if you are a not-for-profit (or nonprofit) entity or select “no” if you are a for-profit entity.
For-profit entities are those that aim to earn a profit through their business. Common examples of for-profit entities include:
Corporations;
Limited Liability Companies;
Partnerships;
Limited Partnerships.
If you do business with the aim to earn a profit, then you should select “no” as your answer to this question.
On the other hand, not-for-profits (or nonprofits) are organizations that do not aim to make a profit and are traditionally dedicated to furthering a particular social cause or advocating for a shared point of view. If you operate a not-for-profit (or nonprofit) such as a 501(c)(3) organization, you should answer “yes” to this question.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article