Opolis is a digital employment cooperative that enables independent workers to establish formal business entities and automate payroll processing while serving as their Employer of Record. This platform provides access to group-rated health insurance and other benefits, addressing the lack of security and support typically faced by freelancers and contractors.
Funding
$16.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Independent workers often lack the formal business structure and administrative support enjoyed by traditional employees, leading to challenges in managing payroll, accessing affordable benefits, and ensuring tax compliance. This can create financial insecurity and limit their ability to focus on their core business activities.
Solution
Opolis provides a digital employment cooperative that enables independent workers to establish formal business entities (S or C Corps) and automate payroll processing, acting as their Employer of Record (EOR). The platform facilitates access to group-rated health insurance, health savings accounts, and 401K plans, offering benefits typically unavailable to freelancers. By streamlining tax remittance and providing consistent pay stubs, Opolis aims to replicate the security of traditional employment while preserving the freedom and flexibility of independent work. Members can also earn rewards and share in the profits of the collective for utilizing member services.
Target Audience
The primary target audience includes freelancers, independent contractors, and other self-employed individuals across various industries seeking to formalize their business operations, access affordable benefits, and simplify payroll and tax management.
Features
- Formation of S or C Corp business entities for independent workers
- Automated payroll processing with compliant tax withholding and remittance
- Employer of Record (EOR) services, providing W2s and consistent pay stubs
- Access to group-rated health insurance plans, health savings accounts (HSAs), and 401K plans
- Member rewards program for utilizing cooperative services
- Semi-monthly paystubs
- Dashboard for managing business entity and payroll