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PASSHE should not be confused with Pennsylvania's other state-funded university system, the Commonwealth System of Higher Education, which includes one land grant university (Pennsylvania State University), three historically private universities (Temple University, Lincoln University, and University of Pittsburgh), and the related campuses of ...
It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its
An example is a sole trader or proprietorship. The sole trader takes money from the business by way of 'drawings', money for their own personal use. Despite it being the sole trader's business and technically their money, there are still two aspects to the transaction: the business is 'giving' money and the individual is 'receiving' money.
Lincoln University, a historically Black university, was designated as a state-related university in 1972. [7] Although the Pennsylvania State University, commonly known as Penn State, was founded as a private school, it was later designated as Pennsylvania's sole land-grant institution. It was repeatedly defined as a "state-owned university ...
A 2011 study from the Federal Reserve Bank of Atlanta and Pennsylvania State University looked at U.S. self-employment levels from 1970 to 2000. According to data from the U.S. Bureau of Economic Analysis , the absolute number of people registered as non-farm proprietors (NFPs) or self-employed in metropolitan counties grew by 244% between 1969 ...
Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability for the debts incurred by the business. This form is usually relegated to small businesses.
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