2 CFR § 25.425
For-profit organization
July 31, 2023
§ 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.