Hey Cushinc
WELCOME
The plant will 'split' over time. You will notice 'baby' plants growing from beside the mother plant ( the larger one you have ).
Gently separate them and plant into their own pot. Canadian Sphagnum Peat Moss and Perlite ONLY!!!
Top soil, potting soil are way bad for these plants.
Seed for a VFT is hard to come by and equally as hard to grow.
Plus it will take up to 5 years to get a mature plant ( that is right, 5 years
)
Splitting the rhizome ( bulb ) is tricky and is the other way to do it, but unless you have a sterlie place and/or something like rootone I would take the easy road