2 C.F.R. § 25.425

Current through September 30, 2024

Section 25.425 - [Effective until 10/1/2024] 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.

2 C.F.R. §25.425

85 FR 49538, 11/12/2020