California Pharmacy Jurisprudence Exam (CPJE) Practice 2025 - Free CPJE Practice Questions and Study Guide

Question: 1 / 400

Who is allowed to be a shareholder in a physical therapy corporation?

Any licensed professional

Only licensed physical therapists

A physical therapy corporation is specifically structured to provide physical therapy services and, under California law, it is required that the shareholders of such a corporation be licensed physical therapists. This requirement ensures that those who have a financial stake in the corporation are also qualified professionals who understand the care being provided and can uphold the standards of the profession. By restricting shareholders to licensed physical therapists, the law aims to protect the integrity of the practice, ensuring that business decisions are made by those with appropriate expertise and commitment to patient care.

The other options do not align with the regulations governing such corporations. Allowing any licensed professional or anyone to be a shareholder could lead to situations where non-physical therapists might influence the practice's operations in ways that could compromise the quality of care or violate ethical standards. Similarly, limiting shareholders to administrative staff would not support the essential requirement of professional oversight that licensed physical therapists provide in the governance of a therapy corporation.

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Anyone can be a shareholder

Only administrative staff

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