Recent Enforcement of Corporate Practice Laws Magnifies Risk
While this is a medical case, it confirms that a professional practice (ie. Physician, Dentist,etc) must be owned by that professional. This confirms states’ ownership rules that have been under attack.
In summary, the high court unanimously reinstated an insurance company’s fraud claims (in this case Allstate Insurance) and a $4 million verdict against a management company violating so called “corporate practice statutes”.
The below link explains in more detail...
Recent Enforcement of Corporate Practice Laws Magnifies Risk | Kutak Rock | Publications
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