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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 2 - Grants and Agreements |
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Subtitle A - Office of Management and Budget Guidance for Grants and Agreements |
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Chapter I - Office of Management and Budget Governmentwide Guidance for Grants and Agreements |
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Part 25 - Universal Identifier and System for Award Management |
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Subpart C - Definitions |
§ 25.325 - For-profit organization.
Latest version.
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§ 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.