For-profit organization.

2 C.F.R. § 25.425
in effectEffective: 2024-07-01
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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.

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