Lay Out Name Permit For Free

The question now is, ?Can a non-physician own a medical practice in California?? The answer to this is NO! Only certain licensed health professionals can be owners or partners in a medical practice in California.

All medical corporations must have one or more physician owners, and licensed doctors must hold the majority ownership. Non-physicians can own a minority share of the company. California law limits the number of non-physicians who can own a stake in the company.

The business name must contain the abbreviations or corporate designation (e.g., ?corporation,? ?incorporated?). A professional medical corporation has the option not to use surnames for name style unless it's operated by practicing surgeons and physicians as shareholders, directors, and officers.

The purpose of a Fictitious Name Permit (FNP) is to allow a licensed physician and surgeon or podiatrist to practice under a name other than their own.

The business name must contain the abbreviations or corporate designation (e.g., ?corporation,? ?incorporated?). A professional medical corporation has the option not to use surnames for name style unless it's operated by practicing surgeons and physicians as shareholders, directors, and officers.

In short, a non-doctor is prohibited from owning a medical corporation in the State of California. Let us give you an example where a businessman asks a legal advisor if he can take over the medical practice that was established with a surgeon partner.

Fictitious Name Permits (?FNP?) are not the same as Fictitious Business Names (sometimes also colloquially referred to as ?Doing-Business-As? or ?DBA?). FNPs are required by the Medical Board of California (?MBC?), whereas DBAs are required to be filed with the applicable county(ies). Each has distinct criteria.