Although the ability for PAs to participate in the ownership of a medical practice varies from state to state, many states currently have provisions that authorize PAs to become practice owners in at least some capacity. Being a PA practice owner, or co-owner, has a number of advantages and challenges. This presentation will explore, discuss, and share experiences with different types of PA practice ownership structures, present examples of a few individual state requirements, and consider the value PA ownership may bring to patient centered, team based care.