Data / Crowdfunding / Ohio / Payroll4Free.com, Inc.
Payroll4Free.com, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,006 to $494,289 (2024)
Payroll4Free.com, Inc., a corporation in Beachwood, OH, filed a Form C with the SEC on December 12, 2024 to raise $50,006 to $494,289 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $466,110 in revenue and a net loss of $302,250, with 11 employees.
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- Website
- www.payroll4free.com
- Funding portal
- Wefunder Portal LLC
- Address
- 23297 COMMERCE PARK, Beachwood, OH 44122
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- January 2, 2019
- SEC CIK
- 0001704165
Offering terms
From the amendment filed December 12, 2024.
- Security
- Preferred Stock
- Price
- $17.50
- Target
- $50,006
- Maximum
- $494,289
- Deadline
- April 30, 2025
- Portal compensation
- 6.75% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C/A filed December 12, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $466,110 | $415,534 | sec.gov |
| Cost of goods sold | $6,000 | $0 | sec.gov |
| Net income | $-302,250 | $-321,642 | sec.gov |
| Taxes paid | $0 | $-562 | sec.gov |
| Total assets | $66,173 | $49,816 | sec.gov |
| Cash | $62,862 | $45,642 | sec.gov |
| Accounts receivable | $3,312 | $4,174 | sec.gov |
| Short-term debt | $1,006,884 | $769,981 | sec.gov |
| Long-term debt | $2,074,319 | $2,185,706 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 12, 2024 | Amendment | $50,006 | $494,289 | April 30, 2025 | Removing an officer | sec.gov |
| August 22, 2024 | Offering | $50,006 | $494,289 | April 30, 2025 | sec.gov | |
| May 10, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2023 | Amendment | $50,006 | $534,997 | April 29, 2024 | Updating to year-end 2022 financials and extending raise. | sec.gov |
| September 22, 2022 | Offering | $50,006 | $534,997 | April 30, 2023 | sec.gov | |
| September 21, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| June 30, 2020 | Amendment | $50,004 | $499,999 | August 27, 2020 | Material amendment - adding lead investor. | sec.gov |
| May 11, 2020 | Offering | $50,004 | $499,999 | August 27, 2020 | sec.gov | |
| April 30, 2018 | Annual report | Not listed | Not listed | sec.gov | ||
| January 26, 2018 | Progress update | $50,000 | $1,000,000 | December 30, 2017 | $116,721.00 in investments. Payments are still being processed; final number is yet to be determined. | sec.gov |
| December 22, 2017 | Amendment | $50,000 | $1,000,000 | December 30, 2017 | Changed deadline date, included video transcripts, and updated business plan. | sec.gov |
| November 7, 2017 | Amendment | $50,000 | $1,000,000 | December 26, 2017 | Changed deadline date, and updated business plan. | sec.gov |
| June 12, 2017 | Amendment | $50,000 | $1,000,000 | November 8, 2017 | Update perks and update contract. | sec.gov |
| May 12, 2017 | Offering | $50,000 | $1,000,000 | November 8, 2017 | sec.gov |
Updated December 12, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.