Judy and Me, LLC
Fractional CFO & COO Climate · Deep Tech · Capital-Intensive

The CFO who steps into the gaps others won't.

Fractional CFO and COO support for technically complex, capital-constrained companies. Capital strategy, covenant compliance, turnarounds, and the operating discipline that gets first-of-a-kind ventures to the next milestone.

See the practice areas
Adarsh Ghosh reviewing financials in his office at dusk
Current Seat
CFO, Series B
Clean-Tech Firm
Capital
$6M Equity · $70M+
Project Debt & Equity
Credentials
Enrolled Agent ·
MBA · USNA
Military Background
U.S. Navy
Submarine Officer
The Mandate

A track record measured in capital, controls, and outcomes.

Built across project finance, government-contracting compliance, private-equity transactions, and international restructuring. The work spans the situations where capital is complex, the stakes are real, and execution has to be exact.

$150M+
Project-finance and CAPEX budgets across renewable energy, infrastructure, hard-tech, and first-of-a-kind assets.
$70M+
Debt and equity project-finance advisory across carbon, renewable, and infrastructure opportunities.
Lead PE associate
Led a commercial real estate private-equity transaction end to end, reporting directly to the CIO. Sourcing through diligence, structuring, and close.
ITC / PTC
Asset experience across solar, solar + BESS, biomass, CSP, and thermal storage, including tax equity and tax-credit monetization.
8 jurisdictions
Entity and tax restructuring across international operations to improve compliance and efficiency.
Controls & QA
DCAA-ready government-contracting controls: cost pools, timekeeping, indirect rates, and audit readiness. Plus ownership of quality assurance and quality-control programs.
Track Record

Six moments that actually mattered.

Not a list of numbers. The specific situations where the work changed the outcome. Names withheld; the results are real.

Capital · Survival

Engineered bridge financing and a convertible note to avoid insolvency, without forcing a down round.

Preserved enterprise value at a critical stage for a venture-backed company carrying $500K+/month in burn, protecting both the balance sheet and existing investors.

Turnaround · Compliance

Inherited six years of inaccurate, non-compliant books. Rebuilt to audit-ready in five months.

Overhauled financial statements, rebuilt SOPs from scratch, restored foreign tax compliance, and led full international subsidiary consolidation into audit-ready condition.

Tax · Strategy

Reduced a client's tax liability by 80%, and reworked R&D credits to save six figures in payroll taxes.

Entity restructuring built on defensible positions, not gray-area aggressiveness. The savings held up under scrutiny because the documentation was built to.

Project Finance · Energy

Structured residential solar leasing and built the models that powered REC revenue.

For a distributed solar platform, designed the third-party-owned lease and PPA structure for homeowners, then built the financial models behind it: sizing customer economics, portfolio cash flows, and the renewable energy credit revenue that made the unit economics work.

Operations · Beyond Scope

Stopped a contract in month one that would have impaired a major revenue stream.

The value most fractional finance hires can't offer: serving as the final commercial and legal review before outside counsel, drafting terms from scratch, and catching the cash-flow landmines buried in the fine print.

Private Equity · Diligence

Led a commercial real estate PE deal, and surfaced ~$200M in risk a family office hadn't priced in.

Ran a real estate transaction end to end as lead associate reporting to the CIO, and separately built the sensitivity and risk analysis on a private portfolio. Also contributed to diligence on a large-scale M&A integration as part of the deal team.

Practice Areas

One operator. The whole finance problem.

The core is fractional CFO and COO work for capital-intensive companies. Tax strategy and project finance run deep alongside it, and a broader capabilities bench covers the rest. Tap any area to see inside.

01 Fractional CFO & COO The Core
Capital strategy, covenant compliance, turnarounds, forecasting, and the cross-functional execution that keeps complex companies moving, plus the COO instinct to cover the gaps around finance.
A senior operator in the seat, not a junior team on a template.
Inside this area
Capital & fundraisingCovenantsTurnarounds13-week cashBoard reportingERP & ops
02 Tax Strategy & EA Representation Tax
Tax planning, entity strategy, S-Corp support, deduction analysis, estimated tax planning, IRS notice response, and representation before the IRS.
Pursue efficiency without creating unnecessary compliance risk.
Inside this area
Tax planningEntity strategyS-CorpIRS noticesAudit supportRepresentation
03 Project Finance & Capital Strategy Capital
Financial modeling, capital stack analysis, sponsor economics, tax equity support, diligence, and risk review for capital-intensive projects.
Models built for decisions, not decoration.
Inside this area
Financial modelingCapital stackSponsor economicsTax equityDiligence
04 Full Capabilities The Bench
Beyond the core, the same operator brings structure to family offices, nonprofits, compliance-heavy organizations, and the systems underneath them: bookkeeping and controls, governance and DCAA, grant accounting, and finance-systems modernization.
One set of hands, a wide range of problems.
Inside this area
Family officeNonprofit & grantsBookkeeping & controlsDCAA & governanceSystems & CIO
Who We Serve

Built for companies where the finance decisions are hard.

The sweet spot: venture- and growth-stage companies raising capital, managing burn, and scaling faster than their back office, plus the founders, sponsors, and organizations who need a senior operator without a full-time hire.

i Growth

Growth-Stage Businesses

Financial reporting, forecasting, tax planning, bookkeeping cleanup, cash flow management, and CFO-level support.

ii PE-Backed

PE-Backed & PE-Adjacent

Head of Finance support, reporting discipline, financial controls, management packages, and operator-level structure.

iii Self-Employed

Complex Self-Employed

Tax planning, entity structure, bookkeeping coordination, deduction review, estimated tax, and financial organization.

iv Family Office

Newly Minted Wealth & Family Offices

Entity coordination, investment analysis, reporting structure, capital planning, and family-office setup.

v Nonprofit

Nonprofits

Grant accounting, restricted fund tracking, budgeting, internal controls, board reporting, and mission-driven systems.

vi Project Sponsors

Project Sponsors

Financial modeling, capital stack review, tax equity support, risk analysis, and decision-ready project economics.

The Doctrine

Maximize efficiency.
Stay defensible.

Financial and tax strategy should be thoughtful, proactive, and efficient, but always grounded in the law, documentation, and defensible records. Capture legitimate benefits. Avoid unnecessary waste. Build systems that withstand scrutiny.

In Their Words

The judgment of a senior finance leader, the mindset of an operator.

From founders, investors, and executives Adarsh has worked alongside. Names and companies withheld at their discretion; the words are theirs.

"
He brought a rare combination of project finance discipline, renewable energy knowledge, and practical operating judgment. He moves comfortably between detailed modeling, commercial structuring, investor-facing analysis, and strategic decision-making. I would confidently recommend him to any company or investor working on renewable energy, infrastructure, or capital-intensive growth.
FounderRenewable Energy / Project Finance Startup
"
Adarsh served as CFO during a period of rapid growth and rising complexity. He brought immediate value across cash management, forecasting, contract economics, and executive decision support. He was especially effective at translating messy, fast-moving business activity into clear financial visibility and practical recommendations.
Chief ExecutiveDefense-Focused Business
"
What stood out most was his ability to combine finance, operations, compliance, and executive judgment. He took issues that could have stayed informal or fragmented and turned them into practical processes the business could actually use: KYC, international compliance, onboarding, governance. Sophisticated and practical at the same time.
PrincipalCross-Border Education Consulting Firm
"
Adarsh has a unique ability to bring clarity and direction to teams navigating ambiguity. He set high standards while remaining approachable and receptive to new ideas, empowering people to take ownership. That combination of trust, accountability, and encouragement created an environment where people genuinely wanted to do their best work.
Team LeadPrivate Equity–Led Engagement
Start Here

Clearer numbers, or a stronger financial foundation?

Start with a free 20-minute call. We'll talk through where you are, what's urgent, and whether Judy and Me, LLC is the right fit.

Judy and Me, LLC/About

A nuclear-trained operator, running point on the finance function.

Finance, capital strategy, and operating discipline for technically complex companies, from a submarine officer and nuclear engineer turned sitting CFO, fluent in the technology and the capital both.

Adarsh Ghosh, Managing Partner of Judy and Me, LLC
Adarsh Ghosh
Managing Partner
Profile

About Adarsh Ghosh

Adarsh Ghosh is the Managing Partner of Judy and Me, LLC, based in the Boston area. He is a fractional CFO and COO for technically complex, capital-constrained companies, currently serving as CFO of a Series B clean-tech firm with international subsidiaries, where he leads finance, capital strategy, compliance, and cross-functional execution.

His distinguishing trait is range under pressure. He is trusted to step into mission-critical gaps well beyond formal CFO scope, including procurement, product execution, legal and commercial review, and ERP architecture, to align capital, technical risk, and delivery in first-of-a-kind environments. He has closed capital and structured debt to keep companies solvent, rebuilt years of non-compliant books into audit-ready condition, and negotiated long-term commercial agreements that materially reduced risk.

He also works from the other side of the table. As an accredited investor, a family-foundation board member, and a seasoned real estate principal, he underwrites opportunities the way an LP does, treating diligence as if his own capital, reputation, and legacy were on the line. Clients get a CFO who thinks like an owner, not a hired hand.

Before consulting, Adarsh served as a U.S. Navy submarine officer and trained as a nuclear engineer, operating a $1.5B warship in an environment where a wrong assumption is not a typo but a casualty. That background is the core of how he works. It made him fluent in genuinely complex technical systems and lethal as an operator: someone who can sit across from engineers, understand what they are actually building, and translate it into capital, risk, and execution. In technically complex companies, a CFO who can only read the spreadsheet is a liability. He reads the technology too.

Education
MBA · USNA
BU Questrom, High Honors; B.S. Economics, U.S. Naval Academy.
Tax
Enrolled Agent
Authorized to represent taxpayers before the IRS.
Perspective
Accredited Investor
Family-foundation board member; underwrites like an LP.
Background
Navy Submarine Officer
Active clearance; nuclear-trained discipline.
The Name

Why Judy and Me?

Judy was Adarsh's German Shepherd and family dog: loyal, protective, intelligent, alert, and deeply committed to her people.

Those qualities became the foundation for the firm's name and philosophy. A good advisor should be loyal, should protect the client's interests, should be alert to risk, direct with the truth, and steady when decisions get complicated.

Judy and Me, LLC was named to reflect that standard of loyalty and protection.

01
The Differentiator · Range

"Jack of all trades" is an insult until you need one.

The same people who warn against being a generalist turn around and demand a CFO who is cross-functional, commercially fluent, and able to operate outside their lane. You can't have it both ways. Adarsh owns it: he is a jack of all trades who leans hard into a core. Finance and capital are the discipline; the range is what makes them useful.

That range shows up where the org chart goes quiet: a vendor contract that would have impaired a revenue stream, a balance sheet weeks from insolvency, six years of books that won't survive an audit, an ERP that doesn't fit how the business actually runs. In a current Series B seat, covering those gaps has meant owning finance, capital planning, legal and commercial review, enterprise risk, and procurement, and serving as the final in-house review before outside counsel.

Underneath all of it is a relentless pursuit of understanding. He does not take the summary on faith; he goes to the source documents, the contract language, the model assumptions, the actual numbers, because that is where the risk and the answer usually hide.

02
The Record · Sectors

Built in the rooms where capital meets hard technology.

The experience is concentrated where finance is genuinely difficult: clean energy and renewables, deep and hard tech, and first-of-a-kind infrastructure. These are companies with long development cycles, heavy capital needs, and unit economics that have to be modeled from the ground up.

That work spans equity and debt fundraising, convertible instruments, debt-covenant compliance, tax equity with ITC/PTC optimization, 409A modeling, multi-entity and international consolidation, DCAA-compliant cost structures, and board and investor reporting. Earlier roles added private-equity deal leadership on commercial real estate, family-office diligence, contribution to a large-scale M&A integration, and project-finance advisory across more than $70M in debt and equity.

03
The Standard · Discipline

Trained where being wrong is not an option.

The nuclear navy does not grade on a curve. Adarsh led 50 personnel aboard a fast-attack submarine, ran quality-assurance and quality-control programs with no significant defects, and delivered a critical reactor-plant repair months early and under budget. The habits that environment forces, precise, accountable, bottom-line-up-front, and obsessive about the underlying facts, are the operating system behind the financial work.

It also underwrites the tax practice. As an Enrolled Agent, Adarsh represents taxpayers before the IRS and builds tax strategy that is aggressive in thought but disciplined in execution: real savings, defensible positions, clean documentation, and no gray-area exposure.

Start Here

Looking for disciplined support in your corner?

Book a free 20-minute call to talk through your financial, tax, or advisory needs.

Practice/Fractional CFO & COO

Fractional CFO & COO, for when it actually matters.

Capital strategy, covenant compliance, turnarounds, and operating discipline for technically complex companies. A senior operator who runs the finance function and covers the gaps around it, without the cost of a full-time executive.

Sector Depth

CFO judgment, tuned to your industry.

A SaaS company's metrics aren't an energy project's. The firm brings operating fluency across the sectors where finance, capital intensity, and unit economics actually differ.

01

Energy

Project economics, asset-level reporting, and the cash flow timing that conventional bookkeeping misses.

02

Renewables

Tax credits, incentive structures, and the financing complexity behind clean-energy economics.

03

Hard Tech

Long development cycles, capital-intensive builds, and burn discipline through to commercialization.

04

SaaS

ARR, retention, CAC and LTV, deferred revenue, and the metrics investors and boards expect.

01
The Core · CFO

The full finance function, run by someone who's done it.

Forecasts and reporting are the floor, not the ceiling. The work is interpreting what the numbers mean for the next decision: where the cash runs out, which scenario survives, what the board needs to see, and how to keep financing flexibility intact. Delivered by a current sitting CFO, not a junior team running a template.

Rolling forecasts & budgeting
13-week cash flow models
Scenario & liquidity planning
Board & investor reporting
KPI & management dashboards
Unit-economics & FOAK costing
Profitability analysis
409A valuation modeling
Multi-entity consolidation
International & foreign-tax reporting
Monthly / quarterly / annual close
Financial decision support
02
The Edge · COO & Capital

When the problem is bigger than the books, it gets handled.

This is the part most fractional CFOs can't offer: capital raised and structured under pressure, covenant headroom protected, contracts reviewed and renegotiated before they do damage, and operations steadied when the company is moving faster than its systems. The COO instinct that turns a finance seat into an execution engine.

Equity & debt fundraising support
Bridge & convertible structuring
Debt-covenant compliance
Lender reporting & waivers
Turnaround & audit remediation
Legal & commercial review
T&C drafting & negotiation
Procurement & supply chain
ERP design & architecture
Enterprise risk & controls
When To Bring Someone In

Raising, burning, scaling, or cleaning up: the moments that don't forgive mistakes.

Built for companies in a raise or a covenant squeeze, carrying real burn, scaling faster than the back office, integrating acquisitions, or staring down books and controls that won't survive diligence. When the finance function has to hold, this is the seat to fill.

03
Engagement Structure

Embedded or on call.

From a fractional seat held month over month, to a focused turnaround, to a single high-stakes raise or diligence sprint, structured around the company's stage, complexity, and urgency.

Ongoing fractional CFOFractional COO supportTurnaround & remediationFundraise supportCovenant & lender management13-week cash & liquidityBoard / investor reportingDiligence readiness
Start Here

Need a CFO who can actually carry the weight?

Book a free 20-minute call to talk through your raise, your runway, your turnaround, or whatever's keeping you up at night.

Practice/Tax Strategy & EA Representation

Tax strategy and IRS representation, with discipline.

Plan ahead, improve tax efficiency, respond to IRS issues, and keep your financial records defensible. Built for business owners and complex self-employed individuals.

01
Tax Planning

Plan before tax season forces your hand.

Good tax strategy isn't about scrambling at year-end. It's about understanding the business, the owner, the entity structure, cash flow, deductions, timing, documentation, and compliance obligations before decisions become expensive. The firm helps clients pursue efficiency while staying grounded in the law and maintaining defensible records.

In practice, that has meant restructuring that cut a client's tax liability by 80%, and a reworked R&D credit approach that saved six figures in payroll taxes. All on defensible ground.

Tax planning & strategy
Entity structure review
S-Corp planning
Reasonable compensation
Deduction analysis
Estimated tax planning
Quarterly tax review
Self-employment tax
Business owner planning
Books & tax coordination
Documentation review
Year-round planning
02
EA Representation

Representation when the IRS sends a notice.

As an Enrolled Agent, Adarsh can represent taxpayers before the IRS. The firm supports clients with notices, documentation review, response strategy, audit support, and representation, helping them understand the issue, gather the right records, respond properly, and move through the process calmly.

IRS notice review
Audit support
Correspondence support
Documentation organization
Response strategy
Representation before the IRS
Tax issue analysis
Tax resolution support
The Standard

Efficient does not mean reckless.

Clients should capture legitimate tax benefits and avoid unnecessary waste, but the firm doesn't support questionable positions, sloppy records, or strategies that create legal, ethical, or reputational risk. Pursue efficiency while staying documented, defensible, and within the law.

03
Engagement Structure

For clients with complexity, not just forms.

Best suited for business owners, self-employed individuals, real estate operators, growth-stage companies, and complex taxpayers who need proactive planning or help responding to a tax issue.

Tax strategy reviewQuarterly tax planningEntity structure reviewS-Corp planning reviewIRS notice responseAudit supportDocumentation cleanupYear-round tax advisory
Start Here

Need help planning or responding?

Book a free 20-minute call to discuss your tax planning needs, entity structure, IRS notice, or representation matter.

Practice/Project Finance & Capital Strategy

Capital decisions, disciplined to the assumption.

Project finance at the intersection of hard assets, capital formation, and technical commercialization. Built for sponsors and investors turning complex energy and infrastructure projects into financeable, executable reality.

01
Project Finance

Models built for decisions, not decoration.

A model should show what drives returns, where the risk sits, and how each structure changes the outcome, then translate technical assumptions into a financeable commercial story. The work covers building, reviewing, and pressure-testing models that lenders, tax-equity investors, and boards actually rely on.

Backed by $70M+ in supported debt and equity project finance, tax-equity modeling with ITC/PTC optimization, residential solar leasing and REC revenue modeling for a distributed solar platform, and capital-stack work presented at Oxford.

Project & portfolio modeling
Return & debt-capacity analysis
Capital stack construction
Tax equity & ITC/PTC structures
PPA & offtake economics
Tariff, duty & COD sensitivity
FOAK & emerging-tech risk
Lender & investor materials
Pipeline valuation
Milestone-based funding
Diligence narratives
Decision memos
02
Capital Strategy

Most companies raise the wrong kind of capital.

The first question isn't "how much," it's "what kind." Corporate equity, project equity, strategic investment, bridge notes, vendor-backed capital, project debt, tax-equity monetization, grants, JVs, SPVs, dev-co versus asset-co separation. The right answer depends on the asset, the stage of commercialization, the counterparty risk, the offtake, the maturity of the technology, and the exit objective.

A recurring theme: a corporate finance problem mistaken for a project finance problem, or a fundable project weakened by poor corporate structuring. Diagnosing that correctly is often worth more than the model itself.

Capital-need diagnosis
Capital stack design
Corporate vs. project structuring
Dev-co / asset-co separation
SPV & holdco structures
Tax credit & incentive monetization
Non-dilutive & bridge capital
Sponsor & investor economics
Financing scenario comparison
JV & strategic partnerships
Asset Experience

Across the assets where project finance gets hard.

Conventional renewables behave one way; first-of-a-kind and emerging infrastructure add technology, execution, procurement, and commercial-validation risk on top. Real exposure across both.

Solar & Wind

Utility-scale and distributed economics, PPA structures, ITC/PTC eligibility, development assumptions, and cost competitiveness.

Solar + BESS

Hybrid dispatch value, resiliency use cases, and how storage reshapes both commercial and lender-facing risk.

Battery Storage

Standalone and paired systems: revenue-stack considerations, resilience value, and procurement risk.

Concentrated Solar & Thermal Storage

Dispatchable renewable generation, long-duration storage, industrial heat, and process-heat applications.

Biomass

PTC/ITC capability, feedstock and operational risk, and renewable generation economics.

Industrial Heat & Data Centers

Energy systems for industrial customers and data-center resilience: uptime, backup duration, and power quality.

03
Engagement Structure

From a single model to full diligence.

Engagements scale to the decision at hand: a single model review, a full capital stack analysis, or ongoing sponsor support.

Model buildoutModel reviewCapital stack reviewInvestor memo supportProject screening toolSponsor economics reviewTax equity analysisDiligence support package
Start Here

Evaluating a project or capital structure?

Book a free 20-minute call to discuss the project, the assumptions, and the financial decision at hand.

Practice/Full Capabilities

The rest of the toolkit.

Beyond the core CFO, tax, and project-finance work, the same operator brings structure to family offices, nonprofits, compliance-heavy organizations, and the systems underneath them. One set of hands, a wide range of problems.

01
Family Office Advisory

Structure for complex financial lives.

New wealth creates complexity fast: entities, investments, taxes, advisors, reporting, documents, family decisions, and long-term planning. The firm helps clients create practical financial structure and decision support, without making the process feel overly institutional or inaccessible.

Family office setup support
Entity coordination
Investment analysis
Capital planning
Reporting systems
DAF & philanthropic structure
Project review
Advisor coordination
Financial modeling
Decision memos
Personal & business organization
02
Nonprofit Advisory

Better reporting for mission-driven organizations.

Nonprofits need financial systems that support compliance, grants, restricted funds, board oversight, donor trust, and mission execution. The firm helps nonprofits improve reporting, budgeting, controls, and project-level accounting.

Grant accounting
Project-level reporting
Restricted fund tracking
Budgeting & forecasting
Board reporting
Internal controls
Financial workflow design
Compliance support
Management reporting
Audit-readiness support
03
Systems & Fractional CIO

Systems that support better decisions.

Finance systems should make reporting easier, reduce manual work, protect important data, and improve visibility. The firm helps clients modernize workflows, evaluate tools, and adopt automation or AI in a controlled, practical way.

Finance systems review
Workflow design
Reporting infrastructure
Automation planning
AI adoption support
Software selection
QuickBooks integrations
Data protection
Fractional CIO advisory
Process documentation
Internal tool evaluation
04
Compliance, Books & Governance

The unglamorous work that keeps you out of trouble.

Clean books, defensible controls, and the governance and compliance scaffolding that growing and government-adjacent organizations need. Foundational, often urgent, and done to a standard that survives scrutiny, from QuickBooks cleanup to DCAA-compliant cost structures.

Bookkeeping cleanup & monthly close
Chart of accounts design
Reconciliations & controls
Audit-readiness support
DCAA cost pools & indirect rates
Corporate governance
HR & org structure
Insurance analysis
Policy & SOP buildout
Board investigations support
When To Engage

Complexity grows faster than structure.

Families, nonprofits, and growing organizations often reach a point where the systems no longer match the work. Reporting becomes inconsistent, documents live in too many places, advisors aren't coordinated, and grant reporting becomes stressful. This work brings structure back to the system.

05
Engagement Structure

Reviews, buildouts, and ongoing advisory.

Scaled to the organization's complexity, current systems, and next best step.

Family office setup reviewNonprofit systems reviewGrant reporting buildoutBoard reporting packageFinance systems auditWorkflow automation planFractional CIO advisoryAI readiness review
Start Here

More structure around finance, reporting, or systems?

Book a free 20-minute call to discuss your organization's complexity, current systems, and next best step.

Judy and Me, LLC/Contact

Let's talk through your situation.

Book a free 20-minute call to discuss your financial, tax, bookkeeping, CFO, project finance, or systems advisory needs.

Intake

Start with the issue that matters most.

You don't need to have it all figured out before reaching out. A sentence on your situation is enough to start. The first call is about understanding where you are and whether this is a fit.

01Contact Details
02The Situation
03ContextOptional
Field Notes/Deck Log · Coming Soon

Deck Log: war stories and advice.

Practical finance, tax, and business lessons from the field, built for owners, operators, and complex financial lives.

01
The Premise

Complex topics, made clear, without watering them down.

Deck Log is where Judy and Me, LLC shares practical guidance, hard-earned lessons, and straight answers on finance, tax strategy, bookkeeping, systems, and business decision-making. Future videos will cover tax strategy, bookkeeping mistakes, CFO concepts, financial systems, IRS notices, business decisions, project finance, and common traps owners should understand before they become expensive.

YouTubeFacebookInstagramLinkedIn
02
Coverage

What we'll cover.

Eleven content tracks, from tax strategy to AI for finance operations.

Tax StrategyIRS NoticesBookkeeping MistakesCFO LessonsQuickBooks & ReportingProject FinanceFamily Office StructureNonprofit FinanceSystems & AutomationAI for FinanceWar Stories
Follow Along

Practical financial guidance, straight from the field.

Follow Judy and Me, LLC for short-form videos, field notes, and practical lessons on finance, tax, systems, and business structure.