Paul R. Wilson Cpa

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Libraries Executives of Mankato Public Library:
Owner, Linda Eaton Business classifications
SIC (US 1987) : The difference between a non-profit and a for-profit corporation lies not in the realization of a profit, but rather in how the profit generated is distributed.
The for-profit corporation is owned by an individual or a partnership and is operated with the expectation of a personal monetary return on investment. The net profit realized after expenses are deducted from gross receipts/sales and can be distributed to the owner or the partnership in any manner or amount chosen.
The non-profit corporation is generally organized to address a specific range of community needs and is owned by no specific individual. A Board of Directors, whose members are not compensated for their time and effort, governs such corporations. The net profit realized after expenses are deducted from gross receipts/sales and is retained by the corporation to further its activities or is distributed to other non-profit companies selected by the Board of Directors.
Accountants Executives of Paul R. Wilson Cpa:
OWNER, PAUL WILSON