A for-profit corporation is a corporation that is intended to operate a business which will return a profit to the owners. A for-profit corporation, depending on the jurisdiction to which it is incorporated, may be operated either as a stock corporation or as a non-stock corporation.
Why this Matters
For My Organization
A for-profit corporation exists to operate with certain freedoms defined by its legal identity and to financially benefit its stockholders by the payment of dividends or to its members by the distribution of income.
For New Orleans
One of the engines that drives a community is its economy. Without a healthy economy, families cannot support themselves, faith institutions and their outreach programs cannot be created, schools cannot be built nor teachers hired, and no infrastructure can be constructed or meaningfully maintained (i.e., parks, streets, water systems, sidewalks, electrical power).