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Mind Mapping Week 2 - Coggle Diagram
Mind Mapping Week 2
Regulatory
Social Enterprise
Choosing a for-profit entity choice between C Corporation, S Corporation, Limited Liability company (3)
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Similarities
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Both are not for profit, but for a social need (4)
Nonprofit
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Adopt and implement policies and procedures to ensure all conflicts of interest are appropriately managed (1)
Make information about finances, operations, programs, and activities public (1)
Differences
Nonprofits method of operation is through seeking support from governments and donors. Social enterprise works to establish big margins and generate high revenue (2)
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Legal
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Differences
Nonprofits attain money through fundraiser. Social enterprise raises money through selling a product or service (2)
Nonprofits operate on an almost absolute social ROI. Social enterprise operates on a blended ROI (2)
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Social Enterprise
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Comply with all federal, state, and/or International laws and regulations (1)
Nonprofit
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Comply with all federal, state, and/or International laws and regulations (1)