HF 525 – Veterinarians and professional limited liability companies
COMMITTEE ACTION:
HF 525 updates Code Section 169.4A to clarify that various business organizations composed of licensed veterinarians may own a veterinary clinic, practice veterinary medicine and provide veterinary medical services. These organizations include a professional limited liability company or professional corporation engaging in veterinary medicine, and a partnership for a limited liability partnership composed of licensed veterinarians. When this Code section was created, the concept of a professional limited liability company was not included as an acceptable form of business organization for a veterinary clinic. The purpose of this partnership is to engage in the practice of veterinary medicine, and a partnership or a limited liability partnership composed of licensed veterinarians. [3/25: short form (Guth, Anderson, Taylor excused)]