Is Giving Donations/Social Funds from Net Business Profit a Loss?

[Suba]

Every entrepreneur will certainly have a different opinion, about donations/social funds taken from net business profit, but personally I will set aside 2% of net profit to be used as donations especially to those in need, so that the business I run is not only for making profit but also beneficial to society and the environment. What about you?

 

[Fidelia]

Spending on social activities as a business should not be regarded as a loss to a business. It has a bigger advantage beyond profits.

 

[eLdavis]

I don't see this as a loss in any way, this is something you should do as s business owner from time to time.

 

[Augusta]

No it is not a loss you gain creditability for your business. you are building on your reputation as well