Who Can Own a California Professional Physician Assistant Corporation?

California Physician Assistant Corporation

In California, physician assistants are limited to professional corporations, with specific naming, share ownership, and operational requirements set by the California law.

by
April 23, 2024

Forming a Physician Assistant Corporation in California allows licensed physician assistants to take advantage of many of the benefits of incorporation including tax savings and liability protection. Restrictions to apply to incorporation and these rules govern not only the ownership of shares but also the management and control of the corporation.

Eligibility for Share Ownership

 Licensed physician assistants in California are eligible to own shares in a Physician Assistant Corporation. Additionally, the following professionals may also hold shares, subject to certain limitations:

  • Physicians and surgeons
  • Podiatrists
  • Psychologists
  • Registered nurses
  • Optometrists
  • Marriage and family therapists
  • Clinical social workers
  • Chiropractors
  • Acupuncturists
  • Naturopathic doctors

Ownership Restrictions

 While other licensed professionals can hold shares in a Physician Assistant Corporation, at least 51% of the shares must be held by physician assistants.

Furthermore, a physician assistant may hold shares in multiple professional corporations.

Management and Control

 The same professionals who are allowed to own shares in a Physician Assistant Corporation are also eligible to serve as officers or directors of the corporation. However, the majority of these positions must be held by licensed physician assistants.

Naming and Regulatory Requirements

 The Physician Assistant Board oversees the regulation of Physician Assistant Corporations in California. The corporation’s name must include the words “physician assistant” and clearly indicate its corporate status (e.g., using “Inc.” or “Corp.”). If desired, a fictitious business name or DBA may be used. Approval is not required from the Physician Assistant Board.

During the formation process, it is important to draft bylaws that are tailored specifically to California Physician Assistant Corporations.

Streamline Your Physician Assistant Corporation Formation with LawInc

Accounting for the complexities of forming a Physician Assistant Corporation in California can be a challenge. LawInc and its experienced incorporation attorneys are dedicated to simplifying the process, making sure that your corporation is set up in compliance with all applicable regulations.

Form a California Professional Corporation Online

 

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