Who is permitted to own shares in a chiropractic corporation?

The ownership of shares in a chiropractic corporation is restricted to those who are currently licensed as chiropractors. This is to ensure that the management and operation of the chiropractic practice adhere to professional standards and regulations specific to the field. By limiting ownership to licensed chiropractors, the law aims to maintain high standards of care and accountability within chiropractic practice, as those owners are expected to have the necessary training and ethical obligations that come with licensure.

While other healthcare professionals, individuals with business degrees, or medical doctors may have valuable skills or knowledge, they do not possess the specific qualifications required under chiropractic law to own shares in a chiropractic corporation. This regulation exists to uphold the integrity of chiropractic care and to protect the public from potential conflicts of interest or non-compliance with professional standards.