“Business entity” means a sole proprietorship or any lawful fictional entity by which business may be conducted lawfully in this State. The term does not include:
1. A facility wholly owned by one or more persons licensed pursuant to this chapter or chapter 630 or 633 of NRS;
2. A sole proprietorship or partnership that consists solely of persons who are licensed pursuant to this chapter or chapter 630 or 633 of NRS;
3. A professional corporation or professional limited liability company, the shares of which are wholly owned by a person or persons licensed pursuant to this chapter or chapter 630 or 633 of NRS;
4. An administrator or executor of the estate of a deceased chiropractic physician or a person who is legally authorized to act for a chiropractic physician who has been adjudicated to be incapacitated for not more than 1 year after the date of the death or incapacitation of the chiropractic physician; or
5. A medical facility licensed pursuant to chapter 449 of NRS.