Colorado Nursing Home Administrators (NHA) Practice Exam

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What does a change of ownership NOT include?

Dealing with management contracts
Transfer of ownership between existing members without involving new members
Formation of a corporation
Transfer of business operations

The correct answer is: Dealing with management contracts

When there is a change of ownership, it typically involves the transfer of ownership to new members or individuals. However, this does not include the management contracts that may be involved in the operation of the business. This means that even though ownership may change, the management arrangements may remain the same, and they are not part of the ownership transfer. Options B, C, and D are incorrect because they all involve some form of transfer or change in ownership.