2 CFR 25.325 - 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.
Title 2 published on 2015-11-11.
No entries appear in the Federal Register after this date, for 2 CFR Part 25.