Regulations last checked for updates: May 15, 2024

Title 2 - Grants and Agreements last revised: May 01, 2024
§ 25.425 - For-profit organization.

For-profit organization means a non-Federal entity organized for profit. It includes, but is not limited to:

(a) An “S corporation” incorporated under Subchapter S of the Internal Revenue Code;

(b) A corporation incorporated under another authority;

(c) A partnership;

(d) A limited liability corporation or partnership; and

(e) A sole proprietorship.

authority: Pub. L. 109-282; 31 U.S.C. 6102.
source: 75 FR 55673, Sept. 14, 2010, unless otherwise noted.
cite as: 2 CFR 25.425