Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can someone who started a social business decide to make it a profit-maximizing business?

0
10 Posted

Can someone who started a social business decide to make it a profit-maximizing business?

0
10

Yes, a social business can be transformed into profit-maximizing business if the owner wants it. Since there is no law governing the creation and termination of a social business, no procedure has to be followed. When social business laws are passed, there will clear guidance as to the protocol of registering as a social business and the termination of social business status.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123