Additionally, while a manufacturing company can produce and store items for later demand, a construction company can only begin production once a contract is signed and a project is underway. Construction business involves very different challenges than other kinds of production. Most of these challenges arise from the fact that construction is project-based, and each project involves unique problems and…

A nonprofit organization or foundation (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view. An organization needs to request 501(c) prior to operating with a tax exemption. Being “501(c)(3)” means that a particular nonprofit organization has been approved by the Internal Revenue…