### Question
What is the definition of new commercial enterprise?


### Answer
The definition of **new commercial enterprise** is as follows in *8 U.S.C. § 1153*:

> any for-profit organization formed in the United States for the ongoing conduct of lawful business, including sole proprietorship, partnership (whether limited or general), holding company and its wholly owned subsidiaries (provided that each subsidiary is engaged in a for-profit activity formed for the ongoing conduct of a lawful business), joint venture, corporation, business trust, limited liability company, or other entity (which may be publicly or privately owned) that receives, or is established to receive, capital investment from investors under this paragraph

#### Citation:
  - *8 U.S.C. § 1153*
  - Heading: **CHAPTER 12-IMMIGRATION AND NATIONALITY > SUBCHAPTER II-IMMIGRATION > Part I-Selection System**

