1. (a) Physician and Physician Assistants may jointly own an entity in accordance with the provisions of Chapters 22, 152, and 301 of the Texas Business Organizations Code.
2. (b) Physicians and Physician Assistants who jointly own an entity must annually submit a Jointly Owned Entity Annual Report form, accompanied by an $18 fee.
3. (c) Restrictions on joint ownership by certain professionals, as set forth in §301.012 of the Texas Business Organizations Code, only apply to those entities formed after June 17, 2011.

Source Note:The provisions of this §174.5 adopted to be effective January 9, 2025, 50 TexReg 362.