Collective, a back office platform that caters to 'businesses of one,' just landed a hefty seed round

We talked yesterday with cofounder and CEO Hooman Radfar about Collective’s mission to “empower, support and connect the self-employed community” — and what, exactly, it’s proposing.

Accounting, taxes, compliance — all that set-up as a small business is annoying.

He’s an immigrant like me, and because he didn’t quite understand the system, he wound up having tax penalties — penalties that are even worse when you’re a freelancer.

We’re an online concierge that’s focused on the back office as the core, meaning accounting and tax services.

For taxes, accounting, business banking, and payroll, for the core package, it’s $200 a month.

who [employ only themselves and] are making more than $100,000 a year and if you think about how many of these [different products] they are already using, it’s a great deal.

Part of that is normal income tax, but you also have a distribution and it’s taxed differently than an income — it’s taxed less.

If you’re a business of one, for example, it’s very difficult to get mortgages and loans, because credit agencies don’t have the tools to assess you.

But if we have your financial history for years, can we represent that you’re a great person, you have a great business.

We’ve gotten used to that level of transparency and accountability with so many things, but when it comes to accounting, it’s not there and that’s crazy.