Examlex
Often a public university will refuse to release student records because of a federal law designed to protect student privacy, FERPA (Family Educational Rights and Privacy Act of 1974). Specifically, the Act outlines students' rights to privacy in relation to their parents with respect to their academic records. The U.S. Department of Education has never sanctioned any entity for a FERPA violation, and it is unlikely they would sanction a university absent a pattern or practice of releasing information, and then only if the university could not be brought into compliance voluntarily. Nevertheless, FERPA is often used as a rational for refusing to release records. Consider this case and its issue, whether or not a series of emails were a "record" subject to release under Arizona's FOIA and not protected under FERPA: http://www.huffingtonpost.com/2011/05/20/jared-loughner-at-pima-co_n_864548.html . What did the judge conclude? Do you agree? What are the pros and cons of such a release?
Sole Proprietorship
A sole proprietorship is a type of business entity operated and owned by one person who bears complete responsibility for the company's operations and financial obligations.
Crowdfunding
A process where small sums of money are gathered from many people to support a project or enterprise, usually through internet channels.
Financial Statements
Documents that provide an overview of a company or individual's financial condition, including balance sheets, income statements, and cash flow statements.
Public Funds
Financial resources collected and spent by government entities for the benefit and administration of public services.
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