SoloFI vs Collective
Detailed comparison to help you choose the right financial tool for your freelance business
Different tools for different situations
Collective is a premium done-for-you service that makes sense for high earners who value convenience. SoloFI helps you understand your options and optimize your entire financial picture—whether or not you go the S-Corp route.
SoloFI
Financial independence for freelancers
FreeDIY with guidance
Best for:
- Freelancers evaluating if S-Corp is right
- Those comfortable with some DIY
- Income $80K-$150K (Collective overkill)
- FI-focused freelancers wanting full control
Key advantages:
- Free S-Corp analysis calculator
- See exact savings before committing
- Works at any income level
- Full financial picture (not just taxes)
- Net worth and FI tracking included
- No monthly fees or commitments
Collective
Done-for-you S-Corp formation and management
$299/mo+ $1,500 annual tax filing
Best for:
- High-earning freelancers ($150K+)
- Those who want hands-off tax management
- People who hate paperwork
- Freelancers who value time over money
Limitations:
- Very expensive ($5K+/year)
- Only makes sense at high income
- No net worth or FI tracking
- Locked into their ecosystem
- Less control over your finances
- Minimum income requirements
Feature Comparison
| Feature | SoloFI | Collective |
|---|---|---|
S-Corp Formation LLC to S-Corp election | guidance | |
S-Corp Savings Calculator See if S-Corp makes sense for you | ||
Payroll Management | ||
Bookkeeping | ||
Tax Filing | ||
Quarterly Tax Estimates | ||
Net Worth Tracking | ||
FI Planning | ||
Solo 401k Optimization They mention it, we calculate it | ||
HSA Optimization | ||
Roth Conversion Planning | ||
Dedicated Support | ||
Works Without S-Corp Useful even as sole prop | ||
Annual Cost | $0 | $5,000+ |
Choose SoloFI if you...
- Want to understand S-Corp math before committing
- Earn $80K-$150K (Collective's fees eat your savings)
- Prefer DIY with good guidance
- Want net worth and FI tracking
- Value having full control of your finances
- Not sure if S-Corp is right for you yet
Choose Collective if you...
- Earn $200K+ and time is more valuable than money
- Hate dealing with taxes and payroll
- Want someone else to handle everything
- Can afford $5K+/year for convenience
- Already decided S-Corp is right for you