Wyoming Practice Structure Guide: A Permissive Professional Corporation Statute, No Express Corporate Practice Rule and the 2025 Non-Compete Law
Wyoming has no express corporate practice statute that we found, and its professional corporation statute is permissive. The 2025 non-compete law has physician-specific rules with undefined edges for MSOs.
Key Highlights
- A Wyoming professional corporation's stock must be owned exclusively by persons licensed to practice the profession, and the name must end with A Professional Corporation or P.C.
- We read the whole Medical Practice Act and found no corporate practice or lay-ownership prohibition, and no Wyoming court decision or Attorney General opinion.
- A Board rule treats operating or delegating operation of an FDA Class II or III medical device as practicing medicine unless it happens under direct supervision of a licensee, and we read an unofficial copy.
- SF0107 of 2025 voids most non-competes and voids any covenant between physicians that restricts practice after termination.
Entity and Ownership
Wyoming's professional corporation statute lets a corporation organized under the Business Corporation Act or the close corporation supplement, whose capital stock is owned exclusively by persons licensed to practice a profession in Wyoming, practice that profession through licensed stockholders or licensed employees. It may offer professional services only through them, each of whom remains fully liable and subject to professional rules. The name must contain A Professional Corporation or P.C. as the last word, and the articles must say all shareholders are and will continually be licensed. We found no state registration step or board certificate and no medical-specific corporation chapter. The statute is permissive and says a qualifying corporation may practice. An LLC may be formed by a licensed individual if the licensing laws or board rules do not prohibit it.
The Corporate Practice Position
We read the whole Medical Practice Act and found no express corporate practice or lay-ownership prohibition. It defines practicing medicine to include offering to treat, prescribing prescription drugs or rendering medical-necessity determinations, and its discipline grounds include permitting another to use one's license, aiding or abetting practice by a person not licensed and improper delegation to nonphysicians. Hospital districts may employ or contract with physicians. A 2021 legislative testimony table lists Wyoming as having no corporate practice doctrine and cites a 1979 Attorney General opinion that we could not locate. Vendor descriptions of a doctrine with hospital exceptions are not supported by the statutes we read. Whether a lay-owned entity could employ physicians without the professional corporation statute is not addressed by any authority we found, and we found no Wyoming court decision.
The Management Agreement and Fees
The discipline statute has no express fee-splitting, rebate or kickback ground, which a vendor template claimed it had. The grounds that matter are permitting another to use one's license, aiding unlicensed practice and unprofessional conduct, plus delegation grounds, and the Act directs the Board to develop delegation standards. Records must be transferred within 30 days of a written request. We found no authority on percentage fees.
SF0107 of 2025, effective July 1, 2025 for contracts on or after that date, voids any covenant not to compete restricting a person's right to receive compensation for skilled or unskilled labor, with exceptions for sale of a business, trade secrets, a sliding-scale recovery of training and relocation expenses and executive and management personnel and the professional staff who support them. It separately voids any non-compete in an employment, partnership or corporate agreement between physicians that restricts practicing medicine on termination. Whether the physician provision reaches MSO or hospital agreements and what executive and management personnel covers are untested, and a law-firm article says the sponsor intended to reach hospitals but the term is undefined. We found no transaction notice law.
Med Spa and Device Rules
Wyoming has no med spa statute, facility license or medical director rule that we found. A Board rule, which we read in an unofficial copy on the Board's site, defines practicing medicine to include anyone who operates or delegates the responsibility to operate an FDA Class II or III medical device unless operation occurs at a site under the direct supervision of a licensee. Prescribing or administering prescription drugs is practicing medicine. We found no Wyoming IV rule or Board statement, and we did not locate the Board's telemedicine rule text.
How We Structure It
As a rule we set up a professional corporation owned by the licensed physician, with no exceptions for what looks like a more flexible state. Patients pay the physician-owned practice. The practice pays the management company a fixed monthly fee under a written management services agreement. The management company pays MedGrid a fixed monthly retainer for consulting. The MSO never practices medicine, and the physician makes every clinical decision. In Wyoming every share is held by a licensed physician, and device operation always happens under a licensee's direct supervision.
Disclaimer
This article is general educational information, not legal advice. Entity and corporate practice rules change, and parts of this summary rest on secondary sources, so have health care counsel in the state confirm the structure before you form or sign anything.
MedGrid MSO provides management services to independently owned practices; it does not practise medicine and does not direct clinical decisions. Requirements vary by state and by service, and change over time — nothing on this page is legal or medical advice. Talk to us or your own counsel before making a structural decision for your clinic.