What Is A Financially Responsible Officer? Why Do I Need One?
A Financially Responsible Officer is a person other than the primary qualifier for a company who is responsible for all of the financial aspects of the business. Refer to Florida State 489.1195 (b) for responsibilities assigned to this role.
Construction Industry Licensing Board allows financial and legal responsibility to be reassigned to another party other than the license holder. If the license holder is not an owner or is not willing to take this role, we can submit a 100K FRO bond and application to reassign this role.