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  • Profile picture of Deeksha Sinha

    Deeksha Sinha posted an update in the group California 1 year, 11 months ago

    CFO as an LLC in California

    Hello folks, my husband and I started a CFO (Class A) in Alameda County in California in 2023. We had formed an LLC and applied for the LLC to be a CFO.
    Today, I was informed by the Department of Environmental Health that California Law strictly prohibits a CFO to be an LLC. Has anyone had a similar concern? I would strongly prefer to run the CFO as an LLC to reduce liability concerns.

    • Profile picture of Sway Soturi
      Sway Soturi replied 2 weeks, 4 days ago

      Hi Deeksha, I have not heard of this before but just did some research and it seems like that IS the case. Have you spoken with anyone at the Small Business Development Center (SBDC)? They might have someone who have more insight. You can also look into if you qualify for Start Small Think Big and they can offer pro-bono legal advice.