Disregarded Entity. A disregarded entity, also called a pass-through entity, is one that is distinct from its owner for some purposes, but not when it comes to taxes. Sole proprietorships and partnerships, for example, are disregarded entities because the owners of these corporations report the business's income on their personal tax returns.
Kappa Alpha Psi. Kappa Alpha Psi (ÎºÎ±Ï) is a collegiate Greek-letter fraternity with a predominantly African-American membership. Since the fraternity's founding on January 5, 1911 at Indiana University Bloomington, the fraternity has never limited membership based on color, creed or national origin.
The Constitution of Kappa Alpha Psi is predicated upon, and dedicated to, the principles of achievement through a truly democratic Fraternity. Chartered and incorporated originally under the laws of the State of Indiana as Kappa Alpha Nu on May 15, 1911, the name was changed to Kappa Alpha Psi on a resolution offered and adopted at the Grand Chapter in December 1914.