Discussion Topic: Evaluating the Not$-$For$-$Profit Entity

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:

Please identify an industry where the for$-$profit companies are being outweighed by not$-$for$-$profit companies.

Please identify an industry where the not$-$for$-$profit companies are being outweighed by for$-$profit companies?

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

For which entity $($i$.$e$.,$ non$-$profit or for$-$profit$)$ is it is easier to raise capital?

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.