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Business Types

We classify Solution Provider into 4 distinct types:

  1. Business - any commercial activity;
  2. Not for Profit - organizations that do not operate to generate profit;
  3. Registered Charity - organizations that are a registered charity and operate to promote the greater good;
  4. Government - organization chartered to make and enforce rules, law and regulation.

What is the difference between a Registered Charity and a Not-for-Profit?

Every Registered Charity needs to be a Not-for-Profit, but not every Not-for-Profit needs to be a Registered Charity.

A Not-for-Profit is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.