Opolis

About Opolis

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> ```

What does Opolis do?

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.

Where is Opolis located?

Opolis is based in Denver, United States.

When was Opolis founded?

Opolis was founded in 2015.

How much funding has Opolis raised?

Opolis has raised 16399999.

Location
Denver, United States
Founded
2015
Funding
16399999
Employees
34 employees
Major Investors
Greenfield

Find Investable Startups and Competitors

Search thousands of startups using natural language

Opolis

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

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.

opolis.co2K+
cb
Crunchbase
Founded 2015Denver, United States

Funding

$

Estimated Funding

$10M+

Major Investors

Greenfield

Team (30+)

No team information available.

Company Description

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.

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

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.

Want to add first party data to your startup here or get your entry removed? You can edit it yourself by logging in with your company domain.