MI HB5296

Allows chiropractors, physicians, osteopathic physicians, and podiatric physicians to organize professional corporations together under Michigan law.

Permits physician's assistants to organize professional corporations with licensed chiropractors, physicians, or osteopathic physicians, but requires at least one physician be a shareholder if organized with chiropractors.

Prohibits physician's assistants from forming a professional corporation consisting only of physician's assistants as shareholders (effective July 19, 2010).

Allows unlicensed persons from other jurisdictions to work as officers, agents, or employees of professional corporations but prohibits them from providing professional services in Michigan until obtaining required licensure.

Maintains requirement that public accounting professional corporations have more than 50% of equity and voting rights held by individuals licensed to practice public accounting.