What are the advantages of the not-for-profit company vs. the for-profit company?

In the accounting world, you find that there are many benefits to becoming a not-for-profit entity. These may be so considerable that traditional for-profit entities forgo their profit making potential. With this in mind, please answer the following questions:

  1. Please identify an industry where the for-profit companies are being outweighed by not-for-profit companies.
  2. Please identify an industry where the not-for-profit companies are being outweighed by for-profit companies?
  3. What are the advantages of the not-for-profit company vs. the for-profit company?
  4. For which entity (i.e., non-profit or for-profit) is it is easier to raise capital?
  5. If you were forming a new hospital business, would you choose to be a for-profit hospital or a not-for-profit hospital? Please justify your response

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