Editor's Note: This is a portion of a full article on how to form and license different entities. Members may access the full article here. To read a more in-depth discussion on the differences between the entities, click here.
Illinois law permits one or more physicians licensed under the Medical Practice Act (MPA) to form a medical corporation (Medical Corporation Act, 805 ILCS 15). Because chiropractic physicians are licensed physicians under the MPA, they may solely own a medical corporation or co-own a medical corporation with other MPA licensees (chiropractic physicians, medical physicians or osteopathic physicians).
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