PTBC (Physical Therapy Board of California) California Law Practice Exam

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Who is disqualified from receiving profits in a PT corporation?

  1. Unlicensed PTs

  2. The secretary and assistant treasurer

  3. Shareholders rendering disqualified

  4. All directors not actively practicing

The correct answer is: Shareholders rendering disqualified

Shareholders rendering services rendered that are disqualified cannot receive profits in a PT corporation. This means that any shareholder who provides services in a profession that is not allowed by the corporation's license or the state's regulations is not allowed to receive profits. Options A, B, and D are incorrect because they do not refer to the specific scenario of a shareholder providing disqualified services. Unlicensed PTs, the secretary and assistant treasurer, and directors not actively practicing may still be able to receive profits in a PT corporation as long as they are not rendering disqualified services.

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