for-profits
For-profits are businesses that operate with the primary goal of making money for their owners or shareholders. They generate revenue by selling goods or services and aim to maximize profits through various strategies, such as reducing costs or increasing sales. Examples of for-profit entities include corporations, small businesses, and startups.
Unlike non-profit organizations, which focus on social causes and reinvest any surplus back into their mission, for-profits distribute profits to their owners. They are subject to taxes on their earnings and must comply with regulations that govern business operations. Common forms of for-profits include limited liability companies (LLCs) and sole proprietorships.