1 Has a jobs multiplier of 10 â one of the highest of any industry 9. 2  Accounts for 7.7 percent of the private manufacturing R&D expenditures in America 10. 3  There is a greater emphasis on âsoft skills.â Production line workers are expected to be problem solvers, with the ability to work in collaborative settings.
Nonprofit Versus For-Profit. The purposes for establishing and maintaining nonprofit organizations and for-profit businesses differ significantly. The main purpose of a for-profit company is to produce income above and beyond expenses; the products or services provided by the company are a means to that end.
In addition to keeping records of important decisions, your nonprofit corporation must record any financial transactions in a double-entry bookkeeping system and keep other financial records in order to file an annual corporate tax return. Tax-exempt 501(c)(3) nonprofits that influence legislation to any substantial degree face the loss of their nonprofit status. 2  However, for tax-exempt nonprofits that want to participate in lobbying, the IRS simply sets a limit on the money they can spend on political activities.