Yes. A "professional corporation" is defined as a "corporation organized under the General Corporation Law… that is engaged in rendering professional services in a single profession, except as otherwise authorized in Section 13401.5[.]"1 Section 13401.5 enumerate fourteen separate types of professional corporations
that provide health care services, then lists the licensed health professionals outside of the designated professional corporation who can be "shareholders, officers, directors, directors or professional employees" of the professional corporation as long as they do not control the corporation. The statute states, in relevant part:
Notwithstanding subdivision (d) of Section 13401 and any other provision of law, the following licensed persons may be shareholders, officers, directors, or professional employees of the professional corporations designated in this section so long as the sum of all shares owned by those licensed persons does not exceed 49 percent of the total number of shares of the professional corporation so designated herein
, and so long as the number of those licensed persons owning shares in the professional corporation so designated herein does not exceed the number of persons licensed by the governmental agency regulating the designated professional corporation:
(a) Medical corporation.
(1) Licensed doctors of podiatric medicine.
(2) Licensed psychologists.(3) Registered nurses.
(4) Licensed optometrists.
(5) Licensed marriage and family therapists.
(6) Licensed clinical social workers.
(7) Licensed physician assistants.
(8) Licensed chiropractors.
(9) Licensed acupuncturists.
(10) Naturopathic doctors.
I hope this is helpful to you.