Legal Question in Business Law in Massachusetts
incorporating dental practice
My father is a dentist who wants to
incorporate his practice. We are
wondering if it would be possible for
non-dentist members of his staff (i.e.
back office staff, hygienist, dental
assistants) to hold ownership shares
in this corporation? He would hold
the majority of the shares.
Thanks much
2 Answers from Attorneys
Re: incorporating dental practice
Usually the rules of engagement in professional corporations is that only the professionals can have a direct interest. There may be other means in which your father can grant these folks a different class of interests.
Re: incorporating dental practice
The short answer is no. Non-Dentists cannot own a dental practice. However, if the goal is to allow for estate planning and profit participation there are ways to accomplish that but not in as straightforward way as you might want to have happen.
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