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Technically, a club is a non-profit making organisation, while a business is set up to earn profit for its owners. Professional clubs like football ones don't count as clubs!
A club is set up by its members usually for a social purpose. The members pay a subscription or a membership fee. Any fund-raising activities that earn a profit is re-invested into the club for the members to enjoy. The business owners on the other hand, have the option to either reinvest the profit back into the business, or take it out altogether and spend it on personal items.
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