Licensed California Physical Therapists

Other Licensed Professionals

• Licensed physicians and surgeons.
• Licensed doctors of podiatric medicine.
• Licensed acupuncturists.
• Naturopathic doctors.
• Licensed occupational therapists.
• Licensed speech-language therapists.
• Licensed audiologists.
• Registered nurses.
• Licensed psychologists.
• Licensed physician assistants.
• Licensed midwives.

However, there are restrictions:

The combined shares owned by these professionals must not exceed 49% of the total number the physical therapy corporation’s shares.

The number of shareholders in the corporation cannot surpass the number of persons licensed by the Physical Therapy Board of California.

A physical therapist can be a shareholder in more than one professional corporation.

Who Can Serve as an Officer or Director of a Physical Therapy Corporation?    

If the corporation only has one stockholder, that stockholder can also serve as the director, president, and treasurer. In this scenario, the other officers of the corporation aren’t required to be licensed.

If there are only two shareholders, the corporation only needs two directors. These two shareholders can fill the roles of president, vice president, secretary, and treasurer between them.

 Other Key Points

These corporations don’t need a Certificate of Registration to render professional services.

The name of the corporation must adhere to specific guidelines, including containing the words “physical therapy” or “physical therapist” and denoting its corporate status.

Physical therapy clinics can use a fictitious name or a Doing-Business-As (DBA) as approved by the Physical Therapy Board of California.

Bylaws, specific to California physical therapy corporations, for the corporation should be established during formation.