Describe briefly the estimating financial benefits in not-for-profit Healthcare firms
Describe briefly the estimating financial benefits in not-for-profit Healthcare firms
Homework Answers
Not-for-Profit Healthcare firms:
Not-for-profit Healthcare firms doesn't means that it doesn't earn profits. However, it means a healthcare firm which are exempt from federal income tax.
Financial Benefits in not-for-profit Healthcare firms:
- Health Care Firm is eligible for availing grants offered by government.
- There is also a tax advantage in the form of exemptions to not for profit organizations.
- The founders of Not for profit firms are not personally liable to repay all the debts of the firm.
- It allows individuals to pursue their passion and Leaders of the firm have also opportunity to grow with the organization.
- Contribution received from donor to an non profit healthcare firm is also exempt from taxes.
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Describe briefly the estimating financial benefits in
not-for-profit Healthcare firms
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