From a parent’s perspective, I’m more inclined to go with a non-profit because all the proceeds go back into the school. I don’t feel like I’m being racked over the coals to fatten someone else’s pockets.

And I can not personallly think of anywhere else in the world of education that there is for-profit education except in the day-care arena. All the pre-schools in our area that do not provide day care are non-profit, and all the private schools in our area are non-profit. That should tell you something.

The con would be that you would have to follow the tax laws carefully and you would no longer be the “owner” of the business. You would give up control as a non-profit organization is an agency not “owned” by any one person. Also, if profits increase, you would not necissarily see that – i.e. you could not profit from it.

You should speak to a lawyer that specializes in this to get all the correct information.