What was the purpose of Focus Cfo Group, LTD?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
ding | $ 2,145,820 | $ 1,309,207 | $ 1,423,684 | | SUPPLEMENTAL DISCLOSURES | | | | | Cash paid for income taxes | $ 18,992 | $ - | $ 2,047 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2024, 2023 and 2022
NATURE AND SCOPE OF BUSINESS
Focus CFO Group, LLC ("FocusCFO" or "the Company") was formed as a limited liability company under the laws of the State of Ohio on March 13, 2018. The Company is owned 99% by Focus CFO Holdings, LLC ("the Majority Owner"), an Ohio LLC, and 1% by The CFO Company, LLC ("the Minority Owner"), also an Ohio LLC and a wholly-owned subsidiary of Focus CFO Holdings, LLC. The Company also has a 100% owned subsidiary, Focus CFO Group, LTD ("LTD"). LTD is the company where franchisees and licensees of FocusCFO who elect to participate in the Company's group medical insurance plan are compensated. LTD ceased operations effective December 31, 2024. The Company does business under the legal entity name and the trade name "FocusCFO". The Company does not do business under any other names.
The Company was formed for the purpose of offering FocusCFO franchises to Area Presidents and CFOs, which it began offering as of April 2, 2018. Effective April 2, 2018, the Company also began providing outsourced Chief Financial Officer Services ("CFO Services") primarily to small and medium size businesses on a fractional, or part-time basis. Effective April 1, 2023, the Company determined due to the evolution of its model that it could begin offering licensing agreements to CFOs allowing licensees to use the FocusCFO Marks to provide CFO services to FocusCFO clients. Franchises are still offered to those joining as Area Presidents.
Clients who are brought into the FocusCFO System enter into contracts with FocusCFO, the franchisor.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, Focus CFO Group, LTD ("LTD") was the entity through which franchisees and licensees who chose to participate in the company's group medical insurance plan were compensated. However, LTD ceased operations effective December 31, 2024. Focus CFO Group, LLC was formed as a limited liability company in Ohio on March 13, 2018, and is 99% owned by Focus CFO Holdings, LLC, and 1% owned by The CFO Company, LLC, a wholly-owned subsidiary of Focus CFO Holdings, LLC.
Focus CFO Group, LLC was established to offer Focus Cfo franchises to Area Presidents and CFOs, starting April 2, 2018. Simultaneously, the company began providing outsourced Chief Financial Officer Services primarily to small and medium-sized businesses on a fractional, or part-time basis. From April 1, 2023, Focus Cfo started offering licensing agreements to CFOs, allowing them to use the Focus Cfo Marks to provide CFO services to Focus Cfo clients. Franchises continue to be offered to those joining as Area Presidents.
Clients are contracted with Focus Cfo, the franchisor, to ensure business practices and reputation align with Focus Cfo's standards. Franchisees operate as Area Presidents, focusing on generating new clients, while licensees work as CFOs providing services directly to Focus Cfo clients. Both franchisees and licensees are independent contractors within the Focus Cfo system.