10/12/2026
Who can own part of your therapy practice? In California, it depends on their license not on how much you trust them.
In a California professional corporation, shares may generally go only to licensed people. That rules out a spouse, a practice manager, or an outside investor, no matter how involved they are.
A different license may still qualify in an MFT corporation, psychologists, clinical social workers, and professional clinical counselors can sometimes be owners too. But together, they generally can't hold more than 49% of the shares.
Before you offer a colleague a percentage, confirm their license fits your corporation and check the ownership mix that results.
Comment "WHOCANOWN" for the ownership checklist. π