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For-profit businesses have many obligations such as paying taxes, keeping records, fair hiring practices, proper classification of employees, etc.
Many of these obligations are shared by non-profit organizations.
Many for-profit obligations are not required for non-profit organizations, such as paying taxes.
But what obligations, if any, do non-profit organizations have that for-profit organizations do not have?
In Canada, there is a restriction for not-for-profit organizations: "no part of its income may be paid or made available for the personal benefit of any proprietor, member, or shareholder (with an exception for amateur athletic organizations)." Source: https://www.cof.org/content/nonprofit-law-canada.
