The two ways that a corporation can be classified by purpose are profit and non-profit corporations.
The profit corporations are the corporations that earn profits from their business and pay taxes to the government according to their profits. While the non-profit corporations are the corporations that do earn profit but do not pay tax as they profit collected are reused for the welfare of the society for various people in need.
The main income is for the profit organization are the profits earn from the sales while for the non-profit organization the source of income is the donations made by people and government.
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