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Is it possible to be part of the business in any form as an owner? Or any structure?
Last question. I am interested in purchasing a spa: running and managing the non-medical (esthetician, massage). It currently has a medical side as well and that would remain intact (Dr & nurses), however the facility would share receptionists. I currently work and manage the spa and it seems to be the next natural step. Any suggestions or should I just move on to a new business venture?
In this particular business, there is only 1 shareholder on the medical corp. Is it possible that I be assigned as the Assistant Treasuer or Assistant Secretary, yet not a profit charing shareholder? And is the Dr. allowed to hold 100% or would he only be allowed 99%? Thank You!
In this case, where a lay person serves as the assistant sec. or treas., is it required that only the dr. be a shareholder at 100% or may there be a split between a dr. and a RN or like practitioner where the dr. obviously owns 51% or more of the corp.
Yes to which part? 1) the dr has to own 100% in order to allow the assistant sec or treas? 2) the dr. may own 51%, RN 49% and a lay person still serve as the asst treasurer/sec? I understand the "sum of all parts". Clarification as to whether a lay person may still be the assist sec/treas when there is a split such as 51DR/49RN.
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