Preparation of Proof of Financial Ability to Operate for Nurse Registries
A one year projection is required and is central to the Proof of Financial Ability to Operate form that is required by AHCA to be included with your application. All assumptions used in the projections should be contained in accompanying notes to the projections. There is no CPA requirement so you can decide if you want to prepare the projections or if you want a CPA to prepare the projections.
Consulting Services regarding the Proof of Financial Ability to Operate
Consists of reviewing and commenting on a client-prepared projections in the Proof of Financial Ability to Operate or spreadsheets to suggest solutions and provide answers to any questions or problems you may have in preparing your projections or understanding AHCA's instructions.
21 Day Letter Assistance
After the license application is submitted you may receive a letter from AHCA with comments that says AHCA has conducted the initial review of the application and found deficiencies. You will have 21 days to respond.
Working with your CPA
Quite often most CPA's and accountants lack the experience in preparing the Proof of Financial Ability to Operate, or you as the owner, would prefer an experienced CPA or accountant or oversee their work. In this case, we can work with your CPA or accountant and guide them through this process and your CPA or accountant can perform a majority of the work.
CHOW - Change in Ownership
Change of ownership occurs when the licensee sells or transfers its ownership to an individual or entity(as defined) as evidenced by a change in FEIN or TIN, or an event in which 51% or more of the ownership, shares, membership, or controlling interest of a licensee is transferred or assigned. All required forms must be received by AHCA at least 60 days prior to the date of change of ownership. AHCA requires the new owner to complete the Proof of Financial Ability to Operate.