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Medical-Aesthetics Corporation Ownership

Concerning ownership of medical-aesthetics professional service corporations.

HB26-1249 2026 Regular Session Postponed Indefinitely Business & Economic Development

Cost estimates

At the first note read
$0
FACT February 27, 2026
At the last note read
$0
FACT August 3, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: No appropriation was required.

Bill summary

Under current law, persons licensed to practice medicine in Colorado may form professional service corporations for the practice of medicine. The articles of incorporation for these corporations must reflect and comply with certain requirements, including the requirement that all shareholders of the corporation be individuals who are licensed by the Colorado medical board to practice medicine and who own their shares in their own right (ownership requirement). A licensed physician assistant may be a shareholder, but one or more physician assistants may not own a majority of the corporation.

Section 1 of the bill specifies that one or more physician assistants licensed by the Colorado medical board may own a majority of a corporation organized solely for the purpose of providing medical-aesthetic services.

The bill codifies a new exception to the ownership requirement. Section 2 establishes that, if a corporation is organized solely for the purpose of providing medical-aesthetic services, the following individuals may be a shareholder of that corporation, if the individual holds an active license issued by their profession's respective licensing body in Colorado:

  • An esthetician;
  • A cosmetologist;
  • A practical nurse;
  • A registered nurse;
  • An advanced practice registered nurse; or
  • A physician assistant.

Current statute defines "medical-aesthetic services" as therapeutic procedures used in aesthetics. This definition applies to the corporations recognized in the exception to the ownership requirement codified by the bill.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)