A Financially Responsible Officer (FRO) in a Florida contracting business is responsible for managing the financial aspects of the business, ensuring regulatory adherence, and providing necessary financial documentation for business certification or registration. The responsibility of FRO can be held by the license holder or another person. The role and responsibilities of an FRO are outlined in the Florida Statutes, specifically in Chapter 489, Section 1195.
I will not act as a financially responsible officer for any business that I work with. This has nothing to do with you, your business or my thoughts about your financial stability. I do not and will not act as a financially responsible officer for your business or any other business, because it protects your business and the other businesses that I work with. If I act as a financially responsible officer for a company that has financial issues it can impact my ability to work with other businesses that need my help. Not acting as a financially responsible officer for anyone is an intentional strategy to protect all of the businesses that I work with(including yours), from the risk of issues with my license.