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NFL Players Inc. was created as the for profit marketing subsidiary of the National Football League Players Association, or NFLPA.Its stated goal is helping players in the National Football League use their commercial licensing rights to secure marketing and business opportunities.
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In the 1860s, the Standard Oil Company was founded by John D. Rockefeller in the city of Cleveland. In the early 20th century, about a quarter of the region's jobs were in steel mills. The Great Depression hurt the area's economy and caused up to 35% unemployment rate. The City of Cleveland went into default in 1978 and was $30 million in debt.
Profit-sharing partnerships are also prevalent in industries such as law, accounting, medicine, investment banking, architecture, advertising, and consulting. [ 15 ] The Harvard economist Martin L. Weitzman was a prominent proponent of profit-sharing in the 1980s, influencing governments to incentivize the practice. [ 16 ]
A charitable for-profit entity is an organization with a charitable mission but legally organized as a for-profit corporation. Both benefit corporations and Low-profit limited liability companies (L3C) fall under this category. As well as generating a profit, a charitable for-profit entity concentrates on setting a social objective.
Share of the Penton Publishing Company, issued 1916. Penton's history began with two Cleveland companies, Penton Publishing Co., founded by John A. Penton—an iron molder by trade [12] —in 1904, and the Industrial Publishing Co. John Penton had been involved in publishing trade magazines since 1887, creating Foundry in Detroit (1892), and then the Iron and Steel Press Co in Cleveland (1901).
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