These Terms of Service ("Terms") constitute a legally binding agreement between you ("Client," "you," or "your") and Faro Ventures LLC ("Company," "Faro Ventures," "we," "us," or "our"). By accessing our website at faroventures.co, submitting an inquiry, or engaging our services, you agree to be bound by these Terms and our Privacy Policy. If you do not agree, please discontinue use of our website and services.
1. About Faro Ventures LLC
Faro Ventures LLC is a Wyoming-registered holding company that serves as the primary contracting entity for all international engagements. All operational execution is performed through our wholly-owned specialized subsidiaries in Costa Rica, operating under strict institutional oversight and in compliance with applicable local regulatory frameworks.
These Terms apply to all service lines offered under the Faro Ventures umbrella, including but not limited to Nearshore Accounting Capacity and Fiduciary & Entity Services.
2. Description of Services
2.1 Nearshore Accounting Capacity — U.S. Firms
For U.S.-based CPA firms, Fractional CFOs, and professional services companies, Faro Ventures provides dedicated nearshore accounting professionals who operate as an integrated extension of your firm's back-office. Services include bookkeeping, accounts payable and receivable, bank reconciliations, month-end close support, financial reporting, and controller-level oversight — delivered under CPA-led quality assurance.
Important: Under this division, Faro Ventures provides accounting execution capacity only — not licensed professional services in the United States. We do not hold a U.S. CPA license and do not provide tax advice, audit services, or any service requiring U.S. professional licensure. Final review, professional judgment, and client-facing responsibility remain exclusively with your licensed CPA firm or qualified financial professionals.
2.2 Fiduciary & Entity Services — Costa Rica
For international principals operating in Costa Rica, Faro Ventures provides institutional-grade professional services through its Costa Rica operating subsidiaries. These services are delivered under applicable Costa Rican professional and regulatory frameworks and include:
- Corporate entity formation, governance, and statutory compliance
- Fiduciary legal representation and resident agency
- Accounting, financial control, and CFO oversight
- Treasury and banking administration
- Payroll and labor compliance management
- Tax registration and regulatory filings under Costa Rican law
These services are provided exclusively within the jurisdiction of Costa Rica. They do not constitute U.S. legal, tax, or accounting advice and should not be construed as such.
2.3 Service Exclusions — Both Divisions
The following are explicitly excluded from all service lines:
- U.S.-licensed CPA opinions, audits, or attestation services
- U.S. tax advice, tax planning, or representation before U.S. tax authorities
- U.S. legal advice or regulatory compliance opinions
- Direct client engagement or business development on your behalf
- Services that would create a conflict of interest with your client relationships
- Any professional service requiring U.S. licensure, delivered by Faro Ventures directly
3. Engagement & Pricing
3.1 Service Agreements
All engagements are governed by a formal mandate or Master Services Agreement ("MSA") executed prior to service commencement. The MSA defines the specific scope, pricing, deliverables, and terms applicable to your engagement. In the event of any conflict between these Terms and the MSA, the MSA shall prevail.
3.2 Pricing
Pricing is established on a fixed monthly retainer basis for ongoing engagements, or as a one-time fee for project-based work, as agreed in the applicable MSA. Custom pricing structures are available based on volume and complexity. All fees are denominated in U.S. dollars.
3.3 Payment Terms
- Monthly retainers are invoiced in advance on the 1st of each month
- Standard payment terms: Net 15 days from invoice date
- Late payments may result in service suspension until the outstanding balance is resolved
- All fees are non-refundable unless otherwise specified in the MSA
3.4 Capacity Adjustments
For Nearshore Accounting engagements, capacity adjustments require 60 days written notice. Increases in capacity are subject to resource availability and may require an amended MSA.
4. Confidentiality
Confidentiality and fiduciary duty are core pillars of our institutional framework. All client information, entity structures, financial data, and strategic matters are treated as strictly confidential. Our professionals operate under formal confidentiality obligations both during and after any engagement.
We operate a zero-conflict model. We do not compete for your client relationships and we never disclose client information to third parties except as required by law or as necessary to deliver contracted services.
5. Client Responsibilities
- Provide accurate, complete, and timely information necessary for service delivery
- Grant appropriate system access and permissions required for contracted work
- Designate a primary point of contact for operational coordination
- Review and approve all deliverables within the timeframes established in the MSA
- Comply with all applicable laws in connection with your use of our services
- Notify us promptly of any material changes to your operational requirements
6. Intellectual Property
All deliverables produced by Faro Ventures under a client engagement become the property of the Client upon receipt of full payment, unless otherwise specified in the MSA. Faro Ventures retains ownership of its proprietary methodologies, processes, templates, and internal systems used to deliver services.
7. Limitation of Liability
To the maximum extent permitted by applicable law, Faro Ventures LLC shall not be liable for any indirect, incidental, consequential, or punitive damages arising from or related to the use of our services, even if advised of the possibility of such damages.
Our total liability to any client for any claim arising out of or related to these Terms or our services shall not exceed the total fees paid by the Client to Faro Ventures in the three months preceding the claim.
8. Termination
8.1 Termination by Client
Clients may terminate an engagement with 60 days written notice for ongoing retainer engagements, or as specified in the applicable MSA. Fees accrued through the notice period remain payable.
8.2 Termination by Faro Ventures
We reserve the right to terminate any engagement with 30 days written notice, or immediately in cases of material breach, non-payment, or conduct that compromises the integrity of our operations or those of other clients.
8.3 Effect of Termination
Upon termination, Faro Ventures will facilitate an orderly transition of all client data and deliverables. Confidentiality obligations survive termination indefinitely.
9. Governing Law & Dispute Resolution
These Terms shall be governed by the laws of the State of Wyoming, United States, without regard to its conflict of law provisions. Any disputes arising under these Terms shall first be subject to good-faith negotiation between the parties. If unresolved, disputes shall be submitted to binding arbitration in Sheridan, Wyoming, under the rules of the American Arbitration Association.
10. Modifications
We reserve the right to update these Terms at any time. Material changes will be communicated to active clients via email with at least 30 days notice. Continued use of our services following the effective date of any changes constitutes acceptance of the updated Terms.
11. Contact
For questions regarding these Terms of Service:
- Email: inquiries@faroventures.co
- Entity: Faro Ventures LLC
- Registered Address: 30 N Gould St Ste N, Sheridan, WY 82801, United States