With more Americans running one-person businesses than ever before, Silicon Valley is paying attention. The latest sign is the launch of Collective, a provider of back-office services for freelancers.
Collective, which launched yesterday, offers an online management dashboard providing one-stop access to banking information and third-party software like Gusto and QuickBooks; assistance with S Corp. formation, accounting, bookkeeping and tax services; and access to advisors and its entrepreneurial community.
Members pay monthly for the services, with fees starting at $199 per month. Many freelancers already use these types of services, but they generally purchase them from separate providers.
Hooman Radfar, CEO and co-founder, says Collective is a response to the “Passion Economy,” where many people are rethinking how they