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Can a non physician be part owner in a medical practice--

Customer Question
Can a non physician...

Can a non physician be part owner in a medical practice-- free standing ER -- in texas?

Lawyer's Assistant: The Corporate Lawyer's require payment for their services. It's way less expensive on JustAnswer than face-to-face would cost.

How much

Lawyer's Assistant: Has anything been officially filed? If so, what?

I am not sure what you mean. There is an existing ownership of all physicians in a free standing ER and the other partners are wanting to offer 5% to a nurse and other individual in they come on and work for free for 6 months and try to revive the business.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

They have the option to be a part of the company

Submitted: 1 year ago.Category: Business Law
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6/11/2017
Business Lawyer: Infolawyer, Attorney replied 1 year ago
Infolawyer
Infolawyer, Attorney
Category: Business Law
Satisfied Customers: 63,011
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Greetings! I am a legal expert on the site and am working on your question.All owners and holders of equity need to be physicians or an entity comprising of them.If I can clarify or explain anything further, just ask me. kindly rate me 5 stars.
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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