The main difference lies in how they handle the profits and their primary objectives. For-Profit Organizations: These are businesses established with the primary intent of generating profits for the business owner or their shareholders. The main focus isn’t necessarily societal or community benefits, but rather earning a profit from goods sold or services provided. Not-For-Profit Organizations: These organizations exist to fulfill an owner’s organizational objectives and are not primarily focused on generating profits. They can operate for social welfare, civic improvement, sport, recreation, or any other purpose except profit. They do not have shareholders or owners who receive dividends or financial distributions.