ATTENTION ALL SMALL BUSINESS OWNERS

The goal of the Corporate Transparency Act is to address illicit activities, like money laundering and tax evasion, by gathering additional information about the ownership of specific entities operating in or engaging with the U.S. market.

Let us File your CTA - BOI for you.,

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.

Have you heard about the Corporate Transparency Act (CTA)?
The Corporate Transparency Act (the “CTA”), passed by Congress in 2021, 31 USC 5311-5336. Requires Beneficial Ownership Information (“BOI”) to be filed with Financial Criminal Enforcement Network (FinCEN), became effective on January 1, 2024, requiring every small business in the Unites States to tell the government the name and home address of those who are beneficial owners of the company.

Do you understand that both the reporting company and its beneficial owners are required to register with FinCEN?

All beneficial owners of a USA based LLC that meet the requirements will have to file their information in a BOI report.

Does my company fall under CTA – BOI Requirements?

Most businesses that formed in the USA, prior to January 1, 2024, are required to file a BOI report. For companies formed before January 1, 2024, the deadline for the initial BOI report submission is January 1, 2025.

If I fail to File my BOI what will happen?

Late filings or Failure to File can result in fines of $500 per day, up to $10,000 and up to two years in a Federal Penitentiary.

How important is timely filing of my BOI?

Timely filing your BOI is crucial for maintaining your company’s good standing and avoiding costly fines.

BOI or Beneficial Ownership Interest reporting aims to provide the United States Government with resources to crack down on anonymous shell companies used by money launderers and criminals.

Have you filed your CTA - BOI Report? Do you know as a business owner you are REQUIRED by 31USC 5311 et seq. to file a BOI in 2024 or suffer $500 a day penalty for failing to file.

You can file the BOI yourself. Click the button below to see the Government’s handy 57-page instruction book that tells you how. The Government estimates it will take 2.5 hours to complete the form, not including reading the instructions.

Let VEP Assist you in determining if you are subject to the CTA – Business Ownership Interest Regulations.
Let VEP Help determine what Compliance looks like for you and your company.
Let VEP File your BOI - maintain your BOI Filing - and all updates! Spoiler alert, it will take VEP far less than 2.5 hours of your time, generally about 15 minutes.

The Corporate Transparency Act (the “CTA”), passed by Congress in 2021, 31 USC 5311-5336. Requires Beneficial Ownership Information (“BOI”) to be filed with Financial Criminal Enforcement Network (FinCEN), became effective on January 1, 2024, requiring every small business in the Unites States to tell the government the name and home address of those who are beneficial owners of the company. The penalty for not doing so is $500 per day and up to 2 years in a federal penitentiary.

VEP (Vertical Estate Planning, LLC) an American company with all American employees in the USA.

If you want to read more about this law see the links below.

SpendDownAlabama.com has been created by the attorneys at Vertical Estate Planning, LLC to take care of these problems and give families in this scenario options. Our attorneys assist families who desperately need assistance with obtaining inpatient nursing home care, long-term care, or skilled nursing care for a loved one, but do not want to lose the family’s “assets” [home, 401K, IRA savings, wealth, or legacy]. We are here to assist in providing options to you and your family that is in everyone’s best interest.

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.
Let us File your CTA - BOI for you. THAT IS WHAT WE DO!

Call Us

256-798-0320

Fill Out the Form for a Free Consultation

We Can Give You Peace of Mind

Taking the first step towards filing your BOI doesn’t have to be daunting. Our expert team at Vertical Estate Planning, LLC is here to complete the process for you. Fill out the form below to schedule your free consultation.

How Do You Know if Medicaid is What You Need to Be Applying for?

First and foremost, there are only three ways that inpatient nursing home care, long-term care, or skilled nursing is paid: by private pay $$ or Medicaid [Medicare and/or health insurance does not pay for this type of care].

Private pay in Alabama will cost a family $8,000.00 plus a month. Long-term care insurance pays an amount set by the contract per day, not the full amount of the bill. There is a limit to the total amount of benefits that will be paid. This is typically $150 per day with a maximum of $150,000 lifetime. That leaves the family to pay the remaining $100 per day, $3,000 per month. After 33 months, the family has to pay the full amount.

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

I Have Heard Horror Stories About Nursing Homes 'Taking Everything the Family Has Worked All Their Lives to Obtain'… How Do I Get Mom on Medicaid Without Losing the Proverbial Farm?

The nursing home does not have to be a financial disaster. At Vertical Estate Planning we know the secrets to keeping as much money as the law allows.

Private pay in Alabama will cost a family $8,000.00 plus a month. Long-term care insurance pays an amount set by the contract per day, not the full amount of the bill. There is a limit to the total amount of benefits that will be paid. This is typically $150 per day with a maximum of $150,000 lifetime. That leaves the family to pay the remaining $100 per day, $3,000 per month. After 33 months, the family has to pay the full amount.

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

Should I let the Nursing Home apply for Medicaid?

The answer is no. The nursing home is good at getting the nursing home owner paid, not protecting the family while ensuring care for your loved one. When our attorneys create a Medicaid plan it goes like this:

The first part of the plan is to make certain that the client or Medicaid applicant will have appropriate care for life. If that life is 2 years or 20. This could involve care-at-home, assisted living, and/or nursing home care later.

Before a plan is established… the attorneys at VEP look at all available assets owned by the applicant to determine what assets the family will be able to keep.

All money will have to be spent down to below $2,000 prior to Medicaid eligibility. This can be done in ways the most beneficial to the applicant and family.

If there is real estate, the real estate will need to be sold at fair market value. Fair market value must be established prior to the sale. Failure to do so could result in a significant Medicaid penalty. In fact, there is a 5-year look-back on any gifts, sales of real estate, vehicles, or other financial transactions. It all will be examined for fair market value transactions.

ATTENTION ALL SMALL BUSINESS OWNERS

Let us File your CTA - BOI for you.,

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.

BOI or Beneficial Ownership Interest reporting aims to provide the United States Government with resources to crack down on anonymous shell companies used by money launderers and criminals.

Have you filed your CTA - BOI Report? Do you know as a business owner you are REQUIRED by 31USC 5311 et seq. to file a BOI in 2024 or suffer $500 a day penalty for failing to file.

You can file the BOI yourself. Click the button below to see the Government’s handy 57-page instruction book that tells you how. The Government estimates it will take 2.5 hours to complete the form, not including reading the instructions.

VEP (Vertical Estate Planning, LLC) an American company with all American employees in the USA.

If you want to read more about this law see the links below.

Corporate Transparency Act PDF

Beneficial Ownership Information Reporting Requirements

Beneficial Ownership Information Reporting Deadline Extension for Reporting Companies Created or Registered in 2024

Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities

Small Entity Compliance Guide

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.
Let us File your CTA - BOI for you. THAT IS WHAT WE DO!

Call Us

Text Us

Email

Message Us

Fill Out the Form for a Free Consultation

We Can Give You Peace of Mind

Taking the first step towards filing your BOI doesn’t have to be daunting. Our expert team at Vertical Estate Planning, LLC is here to complete the process for you. Fill out the form below to schedule your free consultation.

How Do You Know if Medicaid is What You Need to Be Applying for?

First and foremost, there are only three ways that inpatient nursing home care, long-term care, or skilled nursing is paid: by private pay $$ or Medicaid [Medicare and/or health insurance does not pay for this type of care].

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

I Have Heard Horror Stories About Nursing Homes 'Taking Everything the Family Has Worked All Their Lives to Obtain'… How Do I Get Mom on Medicaid Without Losing the Proverbial Farm?

The nursing home does not have to be a financial disaster. At Vertical Estate Planning we know the secrets to keeping as much money as the law allows.

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

Should I let the Nursing Home apply for Medicaid?

The answer is no. The nursing home is good at getting the nursing home owner paid, not protecting the family while ensuring care for your loved one. When our attorneys create a Medicaid plan it goes like this:

The first part of the plan is to make certain that the client or Medicaid applicant will have appropriate care for life. If that life is 2 years or 20. This could involve care-at-home, assisted living, and/or nursing home care later.

Before a plan is established… the attorneys at VEP look at all available assets owned by the applicant to determine what assets the family will be able to keep.

All money will have to be spent down to below $2,000 prior to Medicaid eligibility. This can be done in ways the most beneficial to the applicant and family.

If the client/applicant is married, the spouse can keep the house. A community spouse (Medicaid language for the spouse who stays at home).

Per the Medicaid rules, there are ways to creatively spend down funds and many times a gift to the

ATTENTION ALL SMALL BUSINESS OWNERS

Let us File your CTA - BOI for you.,

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.

BOI or Beneficial Ownership Interest reporting aims to provide the United States Government with resources to crack down on anonymous shell companies used by money launderers and criminals.

Have you filed your CTA - BOI Report? Do you know as a business owner you are REQUIRED by 31USC 5311 et seq. to file a BOI in 2024 or suffer $500 a day penalty for failing to file.

You can file the BOI yourself. Click the button below to see the Government’s handy 57-page instruction book that tells you how. The Government estimates it will take 2.5 hours to complete the form, not including reading the instructions.

VEP (Vertical Estate Planning, LLC) an American company with all American employees in the USA.

If you want to read more about this law see the links below.

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company. Let us File your CTA - BOI for you. THAT IS WHAT WE DO!

Call Us

Fill Out the Form for a Free Consultation

We Can Give You Peace of Mind

Taking the first step towards filing your BOI doesn’t have to be daunting. Our expert team at Vertical Estate Planning, LLC is here to complete the process for you. Fill out the form below to schedule your free consultation.

How Do You Know if Medicaid is What You Need to Be Applying for?

First and foremost, there are only three ways that inpatient nursing home care, long-term care, or skilled nursing is paid: by private pay $$ or Medicaid [Medicare and/or health insurance does not pay for this type of care].

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

I Have Heard Horror Stories About Nursing Homes 'Taking Everything the Family Has Worked All Their Lives to Obtain'… How Do I Get Mom on Medicaid Without Losing the Proverbial Farm?

The nursing home does not have to be a financial disaster. At Vertical Estate Planning we know the secrets to keeping as much money as the law allows.

Medicaid: If or when the person has less than $2,000 in countable assets. In other words, when a parent has spent everything earned and saved, house, land, retirement, and life insurance.

Should I let the Nursing Home apply for Medicaid?

The answer is no. The nursing home is good at getting the nursing home owner paid, not protecting the family while ensuring care for your loved one. When our attorneys create a Medicaid plan it goes like this:

The first part of the plan is to make certain that the client or Medicaid applicant will have appropriate care for life. If that life is 2 years or 20. This could involve care-at-home, assisted living, and/or nursing home care later.

Before a plan is established… the attorneys at VEP look at all available assets owned by the applicant to determine what assets the family will be able to keep.

All money will have to be spent down to below $2,000 prior to Medicaid eligibility. This can be done in ways the most beneficial to the applicant and family.

If the client/applicant is married, the spouse can keep the house. A community spouse (Medicaid language for the spouse who stays at home).

Per the Medicaid rules, there are ways to creatively spend down funds and many times a gift to the

Let the attorneys at Vertical Estate Planning, LLC determine what is required of you and your company.
Let us File your CTA - BOI for you. THAT IS WHAT WE DO!