U.S. SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-KSB


? ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF
1934

For the fiscal year ended December 31, 2007

? TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF
1934

For the transition period from ______________ to
______________

Commission File Number 000-52850



AFH HOLDING IV, INC.
(Exact name of registrant as specified in its charter)



Delaware
26-1365243
(State or other jurisdiction
of
(I.R.S. Employer
incorporation or
organization)
Identification No.)




9595 Wilshire Blvd., Suite
939

Beverly Hills, CA
90212
(Address of principal
executive offices)
(zip code)

Registrant's telephone number, including area code:
(310) 300-3431



Securities registered under Section 12(b) of the
Exchange Act:

None.

Securities registered under Section 12(g) of the
Exchange Act:

Common Stock, $0.001 par value per share
(Title of Class)


Check whether the issuer is not required to file
reports pursuant to Section 13 or 15(d) of the
Exchange Act. ?

Check whether the issuer (1) has filed all reports
required to be filed by Section 13 or 15(d) of the
Exchange Act during the preceding 12 months (or for
such shorter period that the registrant was required to
file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ? No
?.

Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B (229.405 of
this chapter) contained herein, and no disclosure will
be contained, to the best of registrant's knowledge, in
definitive proxy or information statements
incorporated by reference in Part III of this Form 10-
KSB or any amendment to this Form 10-KSB. ?

Indicate by check mark whether the registrant is a
shell company (as defined in Rule 12b-2 of the
Exchange Act).
Yes ? No ?.

The issuer's revenues for fiscal year end December
31, 2007 were $0.

As of March 27, 2008, there were 5,000,000 shares of
common stock, par value $.001 per share,
outstanding, none of which were held by non-
affiliates.

Transitional Small Business Disclosure Format
(check one): Yes ? No ?

DOCUMENTS INCORPORATED BY
REFERENCE:

None

FORWARD-LOOKING STATEMENTS

Certain statements made in this Annual Report on
Form 10-KSB are "forward-looking statements"
(within the meaning of the Private Securities
Litigation Reform Act of 1995) regarding the plans
and objectives of management for future operations.
Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual
results, performance or achievements of AFH
Holding IV, INC. (the "Company") to be materially
different from any future results, performance or
achievements expressed or implied by such forward-
looking statements. The forward-looking statements
included herein are based on current expectations that
involve numerous risks and uncertainties. The
Company's plans and objectives are based, in part, on
assumptions involving the continued expansion of
business. Assumptions relating to the foregoing
involve judgments with respect to, among other
things, future economic, competitive and market
conditions and future business decisions, all of which
are difficult or impossible to predict accurately and
many of which are beyond the control of the
Company. Although the Company believes its
assumptions underlying the forward-looking
statements are reasonable, any of the assumptions
could prove inaccurate and, therefore, there can be no
assurance the forward-looking statements included in
this Report will prove to be accurate. In light of the
significant uncertainties inherent in the forward-
looking statements included herein particularly in
view of the current state of our operations, the
inclusion of such information should not be regarded
as a statement by us or any other person that our
objectives and plans will be achieved. Factors that
could cause actual results to differ materially from
those expressed or implied by such forward-looking
statements include, but are not limited to, the factors
set forth herein under the headings "Business," "Plan
of Operation" and "Risk Factors". We undertake no
obligation to revise or update publicly any forward-
looking statements for any reason.




PART I

Item 1. Description of Business.

Introduction

       AFH HOLDING IV, INC. ("we", "us",
"our", the "Company" or the "Registrant") was
incorporated in the State of Delaware on April 16,
2007, and maintains its principal executive offices at
9595 Wilshire Blvd., Suite 939, Beverly Hills, CA
90212. Since inception, the Company has been
engaged in organizational efforts and obtaining initial
financing. The Company was formed as a vehicle to
pursue a business combination through the
acquisition of, or merger with, an operating business.
The Company filed a registration statement on Form
10-SB with the U.S. Securities and Exchange
Commission (the "SEC") on October 5, 2007, and
since its effectiveness, the Company has focused its
efforts to identify a possible business combination.

       The Company, based on proposed business
activities, is a "blank check" company. The SEC
defines those companies as "any development stage
company that is issuing a penny stock, within the
meaning of Section 3(a)(51) of the Securities
Exchange Act of 1934, as amended (the "Exchange
Act"), and that has no specific business plan or
purpose, or has indicated that its business plan is to
merge with an unidentified company or companies."
Many states have enacted statutes, rules and
regulations limiting the sale of securities of "blank
check" companies in their respective jurisdictions.
The Company is also a "shell company," defined in
Rule 12b-2 under the Exchange Act as a company
with no or nominal assets (other than cash) and no or
nominal operations. Management does not intend to
undertake any efforts to cause a market to develop in
our securities, either debt or equity, until we have
successfully concluded a business combination. The
Company intends to comply with the periodic
reporting requirements of the Exchange Act for so
long as we are subject to those requirements.

       The Company was organized as a vehicle to
investigate and, if such investigation warrants,
acquire a target company or business seeking the
perceived advantages of being a publicly held
corporation. The Company's principal business
objective for the next 12 months and beyond such
time will be to achieve long-term growth potential
through a combination with an operating business.
The Company will not restrict its potential candidate
target companies to any specific business, industry or
geographical location and, thus, may acquire any type
of business.

	AFH Holding and Advisory, LLC. ("AFH
Advisory"), the sole stockholder of the Company, has
entered into several letters of intent with target
businesses for the purpose of a business combination.
Presently, AFH Advisory intends to have the
Company acquire one of these target companies,
KaiKai Cable S&T Co., Ltd (the "Target
Company"), through a reverse merger or other
business combination pursuant to which the
Company would cease to be a shell company, as
defined in the rules of the SEC (a "Reverse Merger").
However, circumstances may arise that will result in
the Company not acquiring the Target Company and
there is no assurance that the Company will direct the
Target Company to the Company or that any such
Reverse Merger will be consummated.  If the
Company does not acquire the Target Company, it
will continue to pursue another Reverse Merger.
Competition

       The Company faces vast competition from
other shell companies with the same objectives. The
Company is in a highly competitive market for a
small number of business opportunities which could
reduce the likelihood of consummating a successful
business combination. A large number of established
and well-financed entities, including small public
companies and venture capital firms, are active in
mergers and acquisitions of companies that may be
desirable target candidates for us. Nearly all these
entities have significantly greater financial resources,
technical expertise and managerial capabilities than
we do; consequently, we will be at a competitive
disadvantage in identifying possible business
opportunities and successfully completing a business
combination. These competitive factors may reduce
the likelihood of our identifying and consummating a
successful business combination.
Employees

       We have no employees other than our sole
officer who devotes only a limited amount of time to
our business.

Risk Factors

You should carefully review and consider the
following risks as well as all other information
contained in this Annual Report on Form 10-KSB,
including our financial statements and the notes to
those statements. The following risks and
uncertainties are not the only ones facing us.
Additional risks and uncertainties of which we are
currently unaware or which we believe are not
material also could materially adversely affect our
business, financial condition, results of operations,
or cash flows. To the extent any of the information
contained in this annual report constitutes
forward-looking information, the risk factors set
forth below are cautionary statements identifying
important factors that could cause our actual
results for various financial reporting periods to
differ materially from those expressed in any
forward-looking statements made by or on our
behalf and could materially adversely effect our
financial condition, results of operations or cash
flows.

There may be conflicts of interest as a result of our
management being involved with other blank check
shell companies.

       Conflicts of interest create the risk that
management may have an incentive to act adversely
to the interests of the Company. Our management is
currently involved with other blank check shell
companies, and in the pursuit of business
combinations, conflicts with such other blank check
shell companies with which it is, and may in the
future become, affiliated, may arise. If we and the
other blank check shell companies that our
management is affiliated with desire to take
advantage of the same opportunity, then those
members of management that are affiliated with both
companies would abstain from voting upon the
opportunity. In the event of identical officers and
directors, the officers and directors will arbitrarily
determine the company that will be entitled to
proceed with the proposed transaction.

We have a limited operating history.

       We have a limited operating history and no
revenues or earnings from operations since inception.
We have no significant assets or financial resources.
We will, in all likelihood, sustain operating expenses
without corresponding revenues, at least until the
consummation of a merger or other business
combination with a private company. This may result
in our incurring a net operating loss that will increase
unless we consummate a business combination with a
profitable business. We cannot assure you that we
can identify a suitable business opportunity and
consummate a business combination, or that any such
business will be profitable at the time of its
acquisition by us or ever.

We have incurred and may continue to incur losses.

    Since April 16, 2007 (inception) through
December 31, 2007, we have incurred a net loss of
$(7,021). We expect that we will incur losses at least
until we complete a merger or other business
combination with an operating business and perhaps
after such a combination as well. There can be no
assurance that we will complete a merger or other
business combination with an operating business or
that we will ever be profitable.

We face a number of risks associated with potential
acquisitions.

    We intend to use reasonable efforts to complete a
merger or other business combination with an
operating business. Such combination will be
accompanied by risks commonly encountered in
acquisitions, including, but not limited to, difficulties
in integrating the operations, technologies, products
and personnel of the acquired companies and
insufficient revenues to offset increased expenses
associated with acquisitions. Failure to manage and
successfully integrate acquisitions we make could
harm our business, our strategy and our operating
results in a material way.

There is competition for those private companies
suitable for a merger transaction of the type
contemplated by management.

       The Company is in a highly competitive
market for a small number of business opportunities
which could reduce the likelihood of consummating a
successful business combination. We are, and will
continue to be, an insignificant participant in the
business of seeking mergers with, joint ventures with
and acquisitions of small private and public entities.
A large number of established and well-financed
entities, including small public companies and
venture capital firms, are active in mergers and
acquisitions of companies that may be desirable
target candidates for us. Nearly all these entities have
significantly greater financial resources, technical
expertise and managerial capabilities than we do;
consequently, we will be at a competitive
disadvantage in identifying possible business
opportunities and successfully completing a business
combination. These competitive factors may reduce
the likelihood of our identifying and consummating a
successful business combination.

Future success is highly dependent on the ability of
management to locate and attract a suitable
acquisition.

       The nature of our operations is highly
speculative, and there is a consequent risk of loss of
your investment. The success of our plan of operation
will depend to a great extent on the operations,
financial condition and management of the identified
business opportunity. While management intends to
seek business combination(s) with entities having
established operating histories, we cannot assure you
that we will be successful in locating candidates
meeting that criterion. In the event we complete a
business combination, the success of our operations
may be dependent upon management of the successor
firm or venture partner firm and numerous other
factors beyond our control.

Management intends to devote only a limited
amount of time to seeking a target company which
may adversely impact our ability to identify a
suitable acquisition candidate.

       While seeking a business combination,
management anticipates devoting very limited time to
the Company's affairs. Our sole officer has not
entered into a written employment agreement with us
and is not expected to do so in the foreseeable future.
This limited commitment may adversely impact our
ability to identify and consummate a successful
business combination.

There can be no assurance that the Company will
successfully consummate a business combination.

       We can give no assurances that we will
successfully identify and evaluate suitable business
opportunities or that we will conclude a business
combination. Management has not identified any
particular industry or specific business within an
industry for evaluation. We cannot guarantee that we
will be able to negotiate a business combination on
favorable terms.

The time and cost of preparing a private company to
become a public reporting company may preclude
us from entering into a merger or acquisition with
the most attractive private companies.

       Target companies that fail to comply with
SEC reporting requirements may delay or preclude
acquisition. Sections 13 and 15(d) of the Exchange
Act require reporting companies to provide certain
information about significant acquisitions, including
certified financial statements for the company
acquired, covering one, two, or three years,
depending on the relative size of the acquisition. The
time and additional costs that may be incurred by
some target entities to prepare these statements may
significantly delay or essentially preclude
consummation of an acquisition. Otherwise suitable
acquisition prospects that do not have or are unable to
obtain the required audited statements may be
inappropriate for acquisition so long as the reporting
requirements of the Exchange Act are applicable.
The Company may be subject to further government
regulation which would adversely affect our
operations.

       Although we are subject to the reporting
requirements under the Exchange Act, management
believes we are not subject to regulation under the
Investment Company Act of 1940, as amended (the
"Investment Company Act"), since we are not
engaged in the business of investing or trading in
securities. If we engage in business combinations
which result in our holding passive investment
interests in a number of entities, we could be subject
to regulation under the Investment Company Act. If
so, we would be required to register as an investment
company and could be expected to incur significant
registration and compliance costs. We have obtained
no formal determination from the SEC as to our
status under the Investment Company Act and,
consequently, violation of the Investment Company
Act could subject us to material adverse
consequences.

Any potential acquisition or merger with a foreign
company may subject us to additional risks.

       If we enter into a business combination with
a foreign company, we will be subject to risks
inherent in business operations outside of the United
States. These risks include, for example, currency
fluctuations, regulatory problems, punitive tariffs,
unstable local tax policies, trade embargoes, risks
related to shipment of raw materials and finished
goods across national borders and cultural and
language differences. Foreign economies may differ
favorably or unfavorably from the United States
economy in growth of gross national product, rate of
inflation, market development, rate of savings, and
capital investment, resource self-sufficiency and
balance of payments positions, and in other respects.

The Company may be subject to certain tax
consequences in our business, which may increase
our cost of doing business.

       We may not be able to structure our
acquisition to result in tax-free treatment for the
companies or their stockholders, which could deter
third parties from entering into certain business
combinations with us or result in being taxed on
consideration received in a transaction. Currently, a
transaction may be structured so as to result in tax-
free treatment to both companies, as prescribed by
various federal and state tax provisions. We intend to
structure any business combination so as to minimize
the federal and state tax consequences to both us and
the target entity; however, we cannot guarantee that
the business combination will meet the statutory
requirements of a tax-free reorganization or that the
parties will obtain the intended tax-free treatment
upon a transfer of stock or assets. A non-qualifying
reorganization could result in the imposition of both
federal and state taxes that may have an adverse
effect on both parties to the transaction.

Our business will have no revenue unless and until
we merge with or acquire an operating business.

       We are a development stage company and
have had no revenue from operations. We do not
expect to realize any revenue unless and until we
successfully merge with or acquire an operating
business.

Because we may seek to complete a business
combination through a "reverse merger", following
such a transaction we may not be able to attract the
attention of major brokerage firms.

	Additional risks may exist since we expect
to assist a privately held business to become public
through a "reverse merger." Securities analysts of
major brokerage firms may not provide coverage of
our Company since there is no incentive to brokerage
firms to recommend the purchase of common stock,
par value $0.001 per share (the "Common Stock").
No assurance can be given that brokerage firms will
want to conduct any secondary offerings on behalf of
our post-merger company in the future.

We cannot assure you that following a business
combination with an operating business, our
Common Stock will be listed on NASDAQ or any
other securities exchange.

       Following a business combination, we may
seek the listing of Common Stock on NASDAQ or
the American Stock Exchange. However, we cannot
assure you that following such a transaction, we will
be able to meet the initial listing standards of either
of those or any other stock exchange, or that we will
be able to maintain a listing of Common Stock on
either of those or any other stock exchange. After
completing a business combination, until the
Common Stock is listed on the NASDAQ or another
stock exchange, we expect that the Common Stock
would be eligible to trade on the OTC Bulletin
Board, another over-the-counter quotation system, or
on the "pink sheets," where our stockholders may
find it more difficult to dispose of shares or obtain
accurate quotations as to the market value of the
Common Stock. In addition, we would be subject to
an SEC rule that, if it failed to meet the criteria set
forth in such rule, imposes various practice
requirements on broker-dealers who sell securities
governed by the rule to persons other than established
customers and accredited investors. Consequently,
such rule may deter broker-dealers from
recommending or selling the Common Stock, which
may further affect its liquidity. This would also make
it more difficult for us to raise additional capital
following a business combination.

Our sole stockholder may have a minority interest
in the Company following a merger or other
business combination with an operating business.

	If we consummate a merger or business
combination with a company with a value in excess
of the value of our Company and issue shares of
Common Stock to the stockholders of such company
as consideration for merging with us, our sole
stockholder would own less than 50% of the
Company after the business combination. The
stockholders of the acquired company would
therefore be able to control the election of our Board
of Directors and control our Company.

There is currently no trading market for our
Common Stock, and liquidity of shares of our
Common Stock is limited.
     Our shares of Common Stock are not registered
under the securities laws of any state or other
jurisdiction, and accordingly there is no public
trading market for our Common Stock. Further, no
public trading market is expected to develop in the
foreseeable future unless and until the Company
completes a business combination with an operating
business and the Company thereafter files a
registration statement under the Securities Act of
1933, as amended (the "Securities Act"). Therefore,
outstanding shares of our Common Stock cannot be
offered, sold, pledged or otherwise transferred unless
subsequently registered pursuant to, or exempt from
registration under, the Securities Act and any other
applicable federal or state securities laws or
regulations. Shares of our Common Stock cannot be
sold under the exemptions from registration provided
by Rule 144 or under Section 4(1) of the Securities
Act, in accordance with the letter from Richard K.
Wulff, Chief of the Office of Small Business Policy
of the Securities and Exchange Commission's
Division of Corporation Finance, to Ken Worm of
NASD Regulation, dated January 21, 2000 (the
"Wulff Letter).  The Wulff Letter provides that
certain private transfers of the shares also may be
prohibited without registration under federal
securities laws. Compliance with the criteria for
securing exemptions under federal securities laws
and the securities laws of the various states is
extremely complex, especially in respect of those
exemptions affording flexibility and the elimination
of trading restrictions in respect of securities received
in exempt transactions and subsequently disposed of
without registration under the Securities Act or state
securities laws.  The SEC changed certain aspects of
the Wulff Letter and such changes apply retroactively
to our stockholder.  Since February 15, 2008, all
holders of shares of shares of common stock of
"shell company" have been permitted to sell their
shares of common stock under Rule 144, subject to
certain restrictions, starting one year after (i) the
completion of a business combination with a private
company in  a reverse merger or reverse takeover
transaction after which the company would cease to
be a "shell company" as defined in Rule 12b-2 under
the Exchange Act) and (ii) the disclosure of certain
information on  a Current Report on Form 8-K within
four business days thereafter.  affording flexibility
and the elimination of trading restrictions in respect
of securities received in exempt transactions and
subsequently disposed of without registration under
the Securities Act or state securities laws. affording
flexibility and the elimination of trading restrictions
in respect of securities received in exempt
transactions and subsequently disposed of without
registration under the Securities Act or state
securities laws.
There are issues impacting liquidity of our
securities with respect to the SEC's review of a
future resale registration statement.

       Since shares of our Common Stock issued
prior to a business combination or reverse merger
cannot currently, nor will they for a considerable
period of time after we complete a business
combination, be available to be offered, sold, pledged
or otherwise transferred without being registered
pursuant to the Securities Act, we will likely file a
resale registration statement on Form S-1, or some
other available form, to register for resale such shares
of Common Stock. We cannot control this future
registration process in all respects as some matters
are outside our control. Even if we are successful in
causing the effectiveness of the resale registration
statement, there can be no assurances that the
occurrence of subsequent events may not preclude
our ability to maintain the effectiveness of the
registration statement. Any of the foregoing items
could have adverse effects on the liquidity of our
shares of Common Stock.

       In addition, the SEC has recently disclosed
that it has developed internal informal guidelines
concerning the use of a resale registration statement
to register the securities issued to certain investors in
private investment in public equity (PIPE)
transactions, where the issuer has a market
capitalization of less than $75 million and, in general,
does not qualify to file a Registration Statement on
Form S-3 to register its securities if the issuer's
securities are listed on the OTCBB or Pink Sheets.
The SEC has taken the position that these smaller
issuers may not be able to rely on Rule 415 under the
Securities Act ("Rule 415"), which generally permits
the offer and sale of securities on a continued or
delayed basis over a period of time, but instead
would require that the issuer offer and sell such
securities in a direct or "primary" public offering, at a
fixed price, if the facts and circumstances are such
that the SEC believes the investors seeking to have
their shares registered are underwriters and/or
affiliates of the issuer. It appears that the SEC in most
cases will permit a registration for resale of up to one
third of the total number of shares of common stock
then currently owned by persons who are not
affiliates of such issuer and, in some cases, a larger
percentage depending on the facts and circumstances.
Staff members also have indicated that an issuer in
most cases will have to wait until the later of six
months after effectiveness of the first registration or
such time as substantially all securities registered in
the first registration are sold before filing a
subsequent registration on behalf of the same
investors. Since, following a reverse merger or
business combination, we may have little or no
tradable shares of Common Stock, it is unclear as to
how many, if any, shares of Common Stock the SEC
will permit us to register for resale, but SEC staff
members have indicated a willingness to consider a
higher percentage in connection with registrations
following reverse mergers with shell companies such
as the Company. The SEC may require as a condition
to the declaration of effectiveness of a resale
registration statement that we reduce or "cut back"
the number of shares of common stock to be
registered in such registration statement. The result of
the foregoing is that a stockholder's liquidity in
Common Stock may be adversely affected in the
event the SEC requires a cut back of the securities as
a condition to allow the Company to rely on Rule 415
with respect to a resale registration statement, or, if
the SEC requires us to file a primary registration
statement.

We have never paid dividends on our Common
Stock.

	We have never paid dividends on our
Common Stock and do not presently intend to pay
any dividends in the foreseeable future. We anticipate
that any funds available for payment of dividends
will be re-invested into the Company to further its
business strategy.

The Company intends to issue more shares in a
merger or acquisition, which will result in
substantial dilution.

       Our Certificate of Incorporation authorizes
the issuance of a maximum of 100,000,000 shares of
Common Stock and a maximum of 20,000,000 shares
of preferred stock, par value $.001 per share (the
"Preferred Stock"). Any merger or acquisition
effected by us may result in the issuance of additional
securities without stockholder approval and the
substantial dilution in the percentage of Common
Stock held by our then existing stockholders.
Moreover, the Common Stock issued in any such
merger or acquisition transaction may be valued on
an arbitrary or non-arm's-length basis by our
management, resulting in an additional reduction in
the percentage of Common Stock held by our current
stockholder. 	Our Board of Directors has the
power to issue any or all of such authorized but
unissued shares without stockholder approval. To the
extent that additional shares of Common Stock or
Preferred Stock are issued in connection with a
business combination or otherwise, dilution to the
interests of our stockholder will occur and the rights
of the holder of Common Stock might be materially
and adversely affected.

Our sole stockholder may engage in a transaction to
cause the Company to repurchase its shares of
Common Stock.

       In order to provide an interest in the
Company to a third party, our sole stockholder may
choose to cause the Company to sell Company
securities to third parties, with the proceeds of such
sale being utilized by the Company to repurchase its
shares of Common Stock. As a result of such
transaction, our management, stockholder(s) and
Board of Directors may change.

Our Board of Directors has the power to issue
shares of Preferred Stock with certain rights
without stockholder approval.

       Our Certificate of Incorporation authorizes
the issuance of up to 20,000,000 shares of Preferred
Stock with designations, rights and preferences
determined from time to time by its Board of
Directors. Accordingly, our Board of Directors is
empowered, without stockholder approval, to issue
shares of Preferred Stock with dividend, liquidation,
conversion, voting, or other rights which could
adversely affect the voting power or other rights of
the holders of the Common Stock. In the event of
issuance, the Preferred Stock could be utilized, under
certain circumstances, as a method of discouraging,
delaying or preventing a change in control of the
Company. Although we have no present intention to
issue any shares of our authorized Preferred Stock,
there can be no assurance that we will not do so in
the future.

Control by Amir F. Heshmatpour

       Our sole stockholder is AFH Holding &
Advisory, LLC, which is controlled by Amir F.
Heshmatpour, who is also our sole officer and
director. AFH Holding & Advisory, LLC currently
owns all of the issued and outstanding capital stock
of the Company. Consequently, this stockholder
controls the operations of the Company and will have
the ability to control all matters submitted to
stockholders for approval, including:


*
Election of the board of directors;


*
Removal of any directors;


*
Amendment of the Company's
certificate of incorporation or
bylaws; and


*
Adoption of measures that could
delay or prevent a change in control
or impede a merger, takeover or
other business combination.

       This stockholder will thus have complete
control over our management and affairs.
Accordingly, this ownership may have the effect of
impeding a merger, consolidation, takeover or other
business consolidation, or discouraging a potential
acquirer from making a tender offer for our common
stock.

Item 2. Description of Property.

	The Company neither rents nor owns any
properties. The Company utilizes the office space and
equipment of its sole officer and director at no cost.
Management estimates such amounts to be
immaterial. The Company currently has no policy
with respect to investments or interests in real estate,
real estate mortgages or securities of, or interests in,
persons primarily engaged in real estate activities.

Item 3. Legal Proceedings.

       Presently, there are not any material pending
legal proceedings to which the Company is a party or
as to which any of its property is subject, and no such
proceedings are known to the Company to be
threatened or contemplated against it.

Item 4. Submission of Matters to a Vote of
Security Holders.

       None.

PART II

Item 5. Market for Common Equity, Related
Stockholder Matters and Small Business Issuer
Purchases of Equity Securities.

Common Stock

       Our Certificate of Incorporation authorizes
the issuance of up to 100,000,000 shares of Common
Stock. Our Common Stock is not listed on a publicly-
traded market. As of March 27, 2008, there was one
holder of record of our Common Stock.

Preferred Stock

       Our Certificate of Incorporation authorizes
the issuance of up to 20,000,000 shares of Preferred
Stock. The Company has not yet issued any of the
Preferred Stock.

Dividend Policy

       The Company has not declared or paid any
cash dividends on Common Stock and does not
intend to declare or pay any cash dividend in the
foreseeable future. The payment of dividends, if any,
is within the discretion of the Board of Directors and
will depend on the Company's earnings, if any, its
capital requirements and financial condition and such
other factors as the Board of Directors may consider.

Securities Authorized for Issuance Under Equity
Compensation Plans

None.

 Recent Sales of Unregistered Securities

       The Company did not sell any equity
securities that were not registered under the
Securities Act during the period covered by this
Annual Report.

       On  April 16, 2007, the Company issued
5,000,000 shares of Common Stock to AFH Holding
& Advisory, LLC., which is controlled by our sole
officer and director, Amir F. Heshmatpour, for an
aggregate purchase price equal to $5,000.00. The
Company sold these shares of Common Stock under
the exemption from registration provided by Section
4(2) of the Securities Act.

       No securities have been issued for services.
Neither the Company nor any person acting on its
behalf offered or sold the securities by means of any
form of general solicitation or general advertising.
No services were performed by any purchaser as
consideration for the shares issued.


Private Placement Offering
	On February 26, 2008, the Company
commenced a private placement (the "Offering") of
shares (the "Shares") of Common Stock on a best
efforts basis with expected gross proceeds of up to
$700,000.   The Company is offering a minimum of
70 investment units (the "Units"), each Unit
consisting of 2,500 Shares at a per Unit price of
$5,000 (the "Minimum Offering") and a maximum of
140 Units (the "Maximum Offering").  The offering
period during which the Company will accept
subscriptions to purchase Shares (the "Offering
Period") commenced on February 26, 2008 and will
continue until the earliest of: (i) the sale of the
Minimum Offering; (ii) 60 days from February 26,
2008 (subject to extension by the Company for an
additional 60 days with no notice to stockholders);
and (iii) the termination of the Offering Period by the
Company.  The Shares are expected to be issued to
accredited investors under an exemption from the
registration requirements of the Securities Act of
1933, as amended (the "Securities Act"), and any
investors would be prohibited from offering or selling
the Shares purchased in the Offering in the absence
of an effective registration statement or an applicable
exemption from registration requirements.  As of the
date of this report, the Offering has not closed.
       This Report is issued pursuant to Rule 135c
under the Securities Act and shall not constitute an
offer to sell or the solicitation of an offer to buy the
Shares, nor shall there be any sale of the Shares in
any state in which such offer, solicitation or sale
would be unlawful prior to the registration or
qualification under the securities laws of any such
state.
Item 6. Management's Discussion and Analysis or
Plan of Operation.

 Plan of Operation

       The Company has not realized any revenues
from operations since inception, and its plan of
operation for the next twelve months is to locate a
suitable acquisition or merger candidate and
consummate a business combination. The Company
may need additional cash advances from its
stockholder or loans from other parties to pay for
operating expenses until the Company consummates
a merger or business combination with a privately-
held operating company. Although it is currently
anticipated that the Company can satisfy its cash
requirements with additional cash advances or loans
from other parties, if needed, for at least the next
twelve months, the Company can provide no
assurance that it can continue to satisfy its cash
requirements for such period.

       Since our formation on April 16, 2007, our
purpose has been to effect a business combination
with an operating business which we believe has
significant growth potential. We are currently
considered to be a "blank check" company in as
much as we have no specific business plans, no
operations, revenues or employees. We currently
have no definitive agreements or understanding with
any prospective business combination candidates and
have not targeted any business for investigation and
evaluation nor are there any assurances that we will
find a suitable business with which to combine. The
implementation of our business objectives is wholly
contingent upon a business combination and/or the
successful sale of securities in the company.

       As a result of our limited resources, we
expect to effect only a single business combination.
Accordingly, the prospects for our success will be
entirely dependent upon the future performance of a
single business. Unlike certain entities that have the
resources to consummate several business
combinations or entities operating in multiple
industries or multiple segments of a single industry,
we will not have the resources to diversify our
operations or benefit from the possible spreading of
risks or offsetting of losses. A target business may be
dependent upon the development or market
acceptance of a single or limited number of products,
processes or services, in which case there will be an
even higher risk that the target business will not
prove to be commercially viable.

       Our sole officer is only required to devote a
very limited portion of his time to our affairs on a
part-time or as-needed basis. We expect to use
outside consultants, advisors, attorneys and
accountants as necessary, none of which will be hired
on a retainer basis. We do not anticipate hiring any
full-time employees so long as we are seeking and
evaluating business opportunities.

       We expect our present management to play
no managerial role in the Company following a
merger or business combination. Although we intend
to scrutinize closely the management of a prospective
target business in connection with our evaluation of a
business combination with a target business, our
assessment of management may be incorrect. We
cannot assure you that we will find a suitable
business with which to combine.

Results of Operations

       The Company has not conducted any active
operations since inception, except for its efforts to
locate a suitable acquisition or merger transaction.
No revenue has been generated by the Company
during such period, and it is unlikely the Company
will have any revenues unless it is able to effect an
acquisition of or merger with another operating
company, of which there can be no assurance.

Off-Balance Sheet Arrangements

	The Company does not have any off-balance
sheet arrangements that have or are reasonably likely
to have a current or future effect on the Company's
financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is
material to investors.
































Item 7. Financial Statements.

AFH HOLDING IV, INC.
(A Development Stage Company)
December 31, 2007

- TABLE OF CONTENTS -




Page(s)




Financial Statements:







Report of Independent Registered Public
Accounting Firm

14





Balance Sheet as of December 31, 2007

15





StStatement of Operations for the Period from
April 16, 2007 (Inception) through
December 31, 2007

16





StStatement of Changes in Stockholder's
Equity for the Period from April 16, 2007
(Inception) through December 31, 2007

17





StStatement of Cash Flows for the Period from
April 16, 2007 (Inception) through
December 31, 2007

18




Notes to Financial Statements

19-25























REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM


To the Board of Directors and Stockholders of
AFH Holding IV, Inc.
Beverly Hills, California


       We have audited the accompanying balance
sheet of AFH Holding IV, Inc. (A Development
Stage Company) as of December 31, 2007, and the
related statements of operations, changes in
stockholder's equity, and cash flows for the period
from inception, April 16, 2007, through December
31, 2007. AFH Holding IV, Inc.'s management is
responsible for these financial statements. Our
responsibility is to express an opinion on these
financial statements based on our audit.

       We conducted our audit in accordance with the
standards of the Public Company Accounting
Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain
reasonable assurance about whether the financial
statements are free of material misstatement. The
company is not required to have, nor were we
engaged to perform, an audit of its internal control
over financial reporting. Our audit included
consideration of internal control over financial
reporting as a basis for designing audit procedures
that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the
effectiveness of the company's internal control over
financial reporting. Accordingly, we express no such
opinion. An audit also includes examining, on a test
basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the
accounting principles used and significant estimates
made by management, as well as evaluating the
overall financial statement presentation. We believe
that our audit provides a reasonable basis for our
opinion.

       In our opinion, the financial statements referred
to above present fairly, in all material respects, the
financial position of AFH Holding IV, Inc. (A
Development Stage Company) as of December 31,
2007 and the results of its operations and its cash
flows for the period from inception, April 16, 2007,
through December 31, 2007, in conformity with
accounting principles generally accepted in the
United States of America.

	The accompanying financial statements have
been prepared assuming that the Company will
continue as a going concern. As discussed in Note 3
to the financial statements, the Company has incurred
losses resulting in an accumulated deficit. This
condition raises substantial doubt about its ability to
continue as a going concern. The financial statements
do not include any adjustments that might result from
the outcome of this uncertainty.





Rochester, New York
  April 1, 2008










AFH HOLDING IV, INC.
(A Development Stage Company)
Balance Sheet
December 31, 2007



December
31, 2007












ASSETS











 Total assets

$
-








LIABILITIES AND
STOCKHOLDER'S EQUITY











Commitment and contingencies

$
-








Stockholder's equity


-


Preferred stock, $.001 par value,





 authorized 20,000,000 shares,
none issued





Common stock, $.001 par value,





 authorized 100,000,000 shares,


5,000


 5,000,000 issued and outstanding





Additional paid in capital


2,021


Deficit accumulated during the
development stage


(7,021)








 Total stockholder's equity











 Total liabilities and stockholder's
equity


-










$
-


The accompanying notes are an integral part
of these financial statements.
















AFH HOLDING IV, INC.
(A Development Stage Company)
Statements of Operations



Period
from



April 16,
2007



(Inception)



Through



December
31, 2007





Net Sales

$
-






Cost of Sales


-






Gross Profit


-






General and
Administrative
Expenses


(7021
)





Net (Loss)

$
(7,021
)





Basic and Diluted
(Loss) Per Share


(.00)






Basic and Diluted




WWeighted Average
Number of Common
Shares Outstanding


5,000,000


The accompanying notes are an integral part of these
financial statements.






















AFH HOLDING IV, INC.
(A Development Stage Company)
Statements of Changes in Stockholder's Equity
For the Period April 16, 2007 (Inception) through
December 31, 2007

, ,  ,  , Additional Paid-in Capital , Deficit accumulated ,
Total
, , Common Stock , , ,
, , Shares , Amount , , ,
Issuance of Common Stock , , , , , , ,
Balance April 16, 2007, , 0, 0, 0, 0, , 0
Shares issued in Lieu of expenses paid, April 16,
2007  , , 5,000,000, $5,000.00, $0.00, $0.00, ,
$5,000.00
, , , , , , ,
Net Loss , , , , , (7021), ,         (7021)
Contributed Capital for Services, , , , 2021, , , 2021
Balance at December 31, 2007, , 5,000,000,
$5,000.00, 2021, ($7021), , 0.00
, , , , , , ,























The accompanying notes are an integral part of these
financial statements.







AFH HOLDING IV, INC.
(A Development Stage Company)
Statements of Cash Flows




Period
from




April 16,
2007




(Inception)




Through




December
31,
2007

Cash Flows from
Operating
Activities









Net (loss)


$
(7.021
)






Contributed Capital
For Services



2021







   Shares issued in
lieu of expenses paid



5000







Cash flows used in
operating activities



-0-







Net increase in cash



-







Cash, beginning of
period



-







Cash, end of period



-







Supplemental
Disclosure of Cash
Flow Information:





Cash paid during the
period for:





Interest


$
-

Income taxes







The accompanying notes are an integral part of these
financial statements.













AFH HOLDING IV, INC.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007

Note 1 - Development Stage Company:

AFH HOLDING IV, INC., a development stage
company (the "Company"), was incorporated in the
State of Delaware on April 16, 2007.  The Company
is 100% owned by AFH Holding and Advisory, LLC.
The financial statements presented represent only
those transactions of AFH Holding IV, Inc.  The
Company is looking to acquire an existing company
or acquire the technology to begin operations.

Note 2 - Summary of Significant Accounting
Policies:

The accompanying financial statements are prepared
in accordance with accounting principles generally
accepted in the United States. Significant accounting
policies follow:

Use of Estimates: The preparation of the financial
statements in conformity with accounting principles
generally accepted in the United States of America
requires management to make estimates and
assumptions that affect the amounts of assets and
liabilities and disclosure of contingent assets and
liabilities at the date of the balance sheet and reported
amounts of revenues and expenses during the
reporting period. Actual results could differ from
those estimates.

Income Taxes: The Company utilizes the liability
method of accounting for income taxes. Under the
liability method, deferred tax assets and liabilities are
determined based on the differences between
financial reporting basis and tax basis of the assets
and liabilities and are measured using enacted tax
rates that will be in effect when the differences are
expected to reverse. An allowance against deferred
tax assets is recognized, when it is more likely than
not, that such tax benefits will not be realized.

Loss per Common Share: Basic loss per share is
calculated using the weighted-average number of
common shares outstanding during each period.
Diluted loss per share includes potentially dilutive
securities such as outstanding options and warrants,
using various methods such as the treasury stock or
modified treasury stock method in the determination
of dilutive shares outstanding during each period.
The Company does not have any potentially dilutive
instruments.

Fair Value of Financial Instruments: The carrying
value of current assets and liabilities approximate fair
value due to their short term nature.

New Accounting Pronouncements:

    In June 2006, the FASB issued FIN 48,
Accounting for Uncertainty in Income Taxes-an
Interpretation of FASB Statement No. 109.  This
interpretation clarifies the accounting for uncertainty
in income taxes recognized in an enterprise's
financial statements. This interpretation prescribes a
recognition threshold and measurement attribute for
the financial statement recognition and measurement
of a tax position taken or expected to be taken in a
tax return. This Interpretation also provides guidance
on derecognition, classification, interest and
penalties, accounting in interim periods, disclosure,
and transition.  FIN 48 is effective for fiscal years
beginning after December 15, 2006.  As such, the
Company adopted these provisions at the beginning
of the fiscal year ended December 31, 2007.
Adoption of FIN 48 did not have a significant effect
on the Company's financial statements.



AFH HOLDING IV, INC.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007

Note 2 - Summary of Significant Accounting
Policies (Cont'd):

New Accounting Pronouncements (Cont'd):

In September 2006, the Financial Accounting
Standards Board issued Statement of Financial
Accounting Standards No. 157 ("FAS 157"), Fair
Value Measurements, which defines fair value,
establishes a framework for measuring fair value in
generally accepted accounting principles ("GAAP"),
and expands disclosures about fair value
measurements. FAS 157 applies under other
accounting pronouncements that require or permit
fair value measurements. Prior to FAS 157, there
were different definitions of fair value and limited
guidance for applying those definitions in GAAP.
Moreover, that guidance was dispersed among the
many accounting pronouncements that require fair
value measurements. Differences in that guidance
created inconsistencies that added to the complexity
in applying GAAP. The changes to current practice
resulting from the application of FAS 157 relate to
the definition of fair value, the methods used to
measure fair value, and the expanded disclosures
about fair value measurements. FAS 157 is effective
for financial statements issued for fiscal years
beginning after November 15, 2007, and interim
periods within those fiscal years. The Company
presently does not expect the adoption of FAS 157 to
have an effect on its financial statements.

In February 2007, the Financial Accounting
Standards Board issued Statement of Financial
Accounting Standards No. 159 ("FAS 159"), The
Fair Value Option for Financial Assets and Financial
Liabilities, which permits entities to choose to
measure many financial instruments and certain other
items at fair value which are not currently required to
be measured at fair value. FAS 159 is effective for
financial statements issued for fiscal years beginning
after November 15, 2007, and interim periods within
those fiscal years. The Company presently does not
expect the adoption of FAS 159 to have an effect on
its financial statements.

In December 2007, the Financial Accounting
Standards Board issued Statement of Financial
Accounting Standards No. 141R ("FAS 141R"),
Business Combinations, which establishes principles
and requirements for how the acquirer recognizes and
measures in its financial statements the identifiable
assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree, goodwill
acquired in the business combination or a gain from a
bargain purchase. FAS 141R is effective for which
the acquisition date is on or after the beginning of the
first annual reporting period beginning on or after
December 15, 2008. The Company presently does not
expect the adoption of FAS 141R to have an effect on
its financial statements.

In December 2007, the Financial Accounting
Standards Board issued Statement of Financial
Accounting Standards No. 160 ("FAS 160"),
Noncontrolling Interests in Consolidated Financial
Statements, which establishes accounting and
reporting standards for the noncontrolling interest in
a subsidiary and for the deconsolidation of a
subsidiary. FAS 160 is effective for financial
statements issued for fiscal years beginning on or
after December 15, 2008, and interim periods within
those fiscal years. The Company presently does not
expect the adoption of FAS 160 to have an effect on
its financial statements.

Management does not believe that any other recently
issued, but not yet effective accounting
pronouncements, if adopted, would have a material
effect on the accompanying financial statements.






AFH HOLDING IV, INC.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007

Note 3 - Going Concern:

The accompanying financial statements have been
prepared assuming that the Company will continue as
a going concern, which contemplates the
recoverability of assets and the satisfaction of
liabilities in the normal course of business.

The Company has had no revenue and has incurred
accumulated net losses from April 16, 2007
(inception) through the period ended December 31,
2007 of $7,021. In addition, the Company's
development activities since inception have been
financially sustained through equity financing.

The ability of the Company to continue as a going
concern is dependent upon its ability to find a
suitable acquisition/merger candidate, raise additional
capital from the sale of common stock, and receive
additional paid-in capital from its shareholder and,
ultimately, the achievement of significant operating
revenues. The accompanying financial statements do
not include any adjustments that might be required
should the Company be unable to recover the value
of its assets or satisfy its liabilities

Note 4 - Equity Securities:

Holders of shares of common stock shall be entitled
to cast one vote for each common share held at all
stockholder's meetings for all purposes, including the
election of directors. The common stock does not
have cumulative voting rights.

The preferred stock of the Company shall be issued
by the Board of Directors of the Company in one or
more classes or one or more series within any class
and such classes or series shall have such voting
powers, full or limited, or no voting powers, and such
designations, preferences, limitations or restrictions
as the Board of Directors of the Company may
determine, from time to time.

No holder of shares of stock of any class shall be
entitled as a matter of right to subscribe for or
purchase or receive any part of any new or additional
issue of shares of stock of any class, or of securities
convertible into shares of stock of any class, whether
now hereafter authorized or whether issued for
money, for consideration other than money, or by
way of dividend.

Note 5 - Income Taxes:

No current provision or benefit for federal income
taxes has been recorded for the period from
inception, April 16, 2007, through December 31,
2007 as the Company has no taxable income or loss.

Note 6 - Related Party Transactions:

The Company utilizes the office space and equipment
of its sole stockholder at no cost. Management
estimates such amounts to be immaterial.

Item 8. Changes in and Disagreements with
Accountants on Accounting and Financial
Disclosure.

       None.



AFH HOLDING IV, INC.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007


Item 8A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures.

The management of the Company, including the
principal executive and financial officer, conducted
an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures
as defined in Exchange Act Rule 13a-15(e) and 15d-
15(e) as of December 31, 2007. Based on that
evaluation, the principal executive and financial
officer concluded that as of December 31, 2007, our
disclosure controls and procedures were effective to
ensure (i) that information required to be disclosed by
us in the reports we file or submit under the
Exchange Act is recorded, processed, summarized
and reported within the time periods specified in the
SEC's rules and forms and (ii) that information
required to be disclosed in reports that we file or
submit under the Exchange Act is accumulated and
communicated to our management including our
chief executive and financial officer, to allow timely
decisions regarding required disclosure.

This annual report does not include a report of
management's assessment regarding internal control
over financial reporting or an attestation report of the
company's registered public accounting firm due to a
transition period established by rules of the SEC for
newly public companies.

No change in our internal control over financial
reporting (as defined in Rules 13a-15(f) and 15d-
15(f) under the Exchange Act) occurred during the
last fiscal quarter of the year ended December 31,
2007 that has materially affected, or is reasonably
likely to materially affect, the Company's internal
control over financial reporting.

Changes in Internal Controls.

There have been no changes in our internal controls
over financial reporting during the period covered by
this report that has materially affected or is
reasonably likely to materially affect our internal
controls. This annual report does not include a report
of management's assessment regarding internal
control over financial reporting or an attestation
report of the company's registered public accounting
firm due to a transition period established by rules of
the SEC for newly public companies.

Item 8B. Other Information.

       None.


PART III

Item 9. Directors and Executive Officers of the
Company.

(a) Identification of Directors and Executive Officers.
The following table sets forth certain information
regarding the Company's directors and executive
officers for the fiscal year ended December 31, 2007:

Name

Position

Term
Amir F.
Heshmatpour

President,
Secretary and
Director

April 16, 2007
thru Present

       The Company's officers and directors are
elected annually for a one year term or until their
respective successors are duly elected and qualified
or until their earlier resignation or removal.

     	Mr. Heshmatpour's principal business
occupation for the last five years has been as a
private investor.  From 1994 until the end of 2002, he
also served as Chairman and Chief Executive Officer
of Metrophone Telecommunications, Inc.  Mr.
Heshmatpour also serves as President and Secretary
of each of AFH Holding I, Inc., AFH Holding II,
Inc., AFH Holding IV, Inc., AFH Holding IV, Inc.,
AFH Holding V, Inc., AFH Holding VII, Inc., AFH
Acquisition III, Inc., AFH Acquisition IV Inc., AFH
Acquisition V Inc., AFH Acquisition VI, Inc., AFH
Acquisition VII, Inc., AFH Acquisition VIII, Inc.,
AFH Acquisition IX, Inc., AFH Acquisition X, Inc.,
AFH Acquisition XI, Inc., and AFH Acquisition XII,
Inc., which positions he was elected to in 2007.  Mr.
Heshmatpour is a director of each of AFH Holding I,
Inc., AFH Holding II, Inc., AFH Holding IV, Inc.,
AFH Holding IV, Inc., AFH Holding V, Inc., AFH
Holding VII, Inc., AFH Acquisition III, Inc., AFH
Acquisition IV Inc., AFH Acquisition V Inc., AFH
Acquisition VI, Inc., AFH Acquisition VII, Inc., AFH
Acquisition VIII, Inc., AFH Acquisition IX, Inc.,
AFH Acquisition X, Inc., AFH Acquisition XI, Inc.,
and AFH Acquisition XII, Inc.

 (b) Significant Employees.

       As of the date hereof, the Company has no
significant employees.

(c) Family Relationships.

       None.

(d) Involvement in Certain Legal Proceedings.

       There have been no events under any
bankruptcy act, no criminal proceedings and no
judgments, injunctions, orders or decrees material to
the evaluation of the ability and integrity of any
director, executive officer, promoter or control
person of Company during the past five years.

Compliance with Section 16(a) of the Exchange
Act

       Section 16(a) of the Exchange Act requires
the Company's directors and officers, and persons
who beneficially own more than 10% of a registered
class of the Company's equity securities, to file
reports of beneficial ownership and changes in
beneficial ownership of the Company's securities
with the SEC on Forms 3, 4 and 5. Officers, directors
and greater than 10% stockholders are required by
SEC regulation to furnish the Company with copies
of all Section 16(a) forms they file.

       Based solely on the Company's review of
the copies of the forms received by it during the
period since inception, April 16, 2007, December 31,
2007 and written representations that no other reports
were required, the Company believes that the no
persons who, at any time during such period, was a
director, officer or beneficial owner of more than
10% of Common Stock failed to comply with all
Section 16(a) filing requirements during such fiscal
year.

Code of Ethics

       We have not adopted a Code of Business
Conduct and Ethics that applies to our principal
executive officer, principal financial officer, principal
accounting officer or controller, or persons
performing similar functions because there is only
one person involved in the management of the
Company and he devotes only a limited amount of
time to our business.



Nominating Committee

	We have not adopted any procedures by
which security holders may recommend nominees to
our Board of Directors.

Audit Committee

	The Board of Directors acts as the audit
committee. The Company does not have a qualified
financial expert at this time because it has not been
able to hire a qualified candidate. Further, the
Company believes that it has inadequate financial
resources at this time to hire such an expert. The
Company intends to continue to search for a qualified
individual for hire.

Item 10. Executive Compensation.

       The following table sets forth the cash
compensation paid by the Company to its President
(the sole executive officer of the Company) for
services rendered during the period since inception,
April 1, 2007, through December 31, 2007.

Name and Position

Year

Total
Compensation
Amir F. Heshmatpour,
President, Secretary and
Director

2007

None

Director Compensation

	We do not currently pay any cash fees to our
sole director, nor do we pay his expenses in attending
board meetings.

Employment Agreements

       The Company is not a party to any
employment agreements.

Item 11. Security Ownership of Certain Beneficial
Owners and Management and Related
Stockholder Matters.

       The following tables set forth certain
information as of March 27, 2008, regarding (i) each
person known by the Company to be the beneficial
owner of more than 5% of the outstanding shares of
Common Stock, (ii) each director, nominee and
executive officer of the Company and (iii) all officers
and directors as a group.

Name and Address of Beneficial Owner, Amount
and Nature of Beneficial Owner(1), Percent of
Class
AFH Holding and Advisory, LLC(2)
9595 Wilshire Boulevard, Suite 900

Beverly Hills, California 90212
, 5,000,000, 100%
Amir F.
Heshmatpour(3)

9595 Wilshire Boulevard, Suite
900
Beverly Hills, California 90212
, 5,000,000(4), 100%
All Officers, Directors and persons owning more than
5% as a Group, 5,000,000, 100%



(1)
Under Rule 13d-3, a beneficial owner
of a security includes any person
who, directly or indirectly, through
any contract, arrangement,
understanding, relationship, or
otherwise has or shares: (i) voting
power, which includes the power to
vote, or to direct the voting of shares;
and (ii) investment power, which
includes the power to dispose or
direct the disposition of
shares.  Certain shares may be
deemed to be beneficially owned by
more than one person (if, for
example, persons share the power to
vote or the power to dispose of the
shares).  In addition, shares are
deemed to be beneficially owned by a
person if the person has the right to
acquire the shares (for example, upon
exercise of an option) within 60 days
of the date as of which the
information is provided.  In
computing the percentage ownership
of any person, the amount of shares
outstanding is deemed to include the
amount of shares beneficially owned
by such person (and only such
person) by reason of these acquisition
rights.  As a result, the percentage of
outstanding shares of any person as
shown in this table does not
necessarily reflect the person's actual
ownership or voting power with
respect to the number of shares of
common stock actually outstanding.


(2)
Mr. Heshmatpour, the Managing
Member of AFH Advisory, has
investment and voting control over
the shares owned by AFH Advisory,
and therefore may be deemed to be a
beneficial owner thereof.


(3)
Mr. Heshmatpour is the Company's
President, Secretary and sole director.


(4)
Represents shares of the Company's
common stock owned by AFH
Advisory.  As Managing Member of
AFH Advisory, Mr. Heshmatpour
may be deemed the beneficial owner
of these shares of the Company's
common stock.

Item 12. Certain Relationships and Related
Transactions.

The Company utilizes the office space and equipment
of its sole officer and director at no cost.
Management estimates such costs to be immaterial.

Except as otherwise indicated herein, there have been
no related party transactions, or any other
transactions or relationships required to be disclosed
pursuant to Item 404 of Regulation S-B.

Item 13. Exhibits.

Index to Exhibits

Exhibit

Description



*3.1

Certificate of Incorporation, as filed with
the Delaware Secretary of State on April
16, 2007.



*3.2

By-laws.

31.1

Certification of the Company's Principal
Executive Officer and Principal Financial
Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002, with respect
to the registrant's Annual Report on Form
10-KSB for the year ended December 31,
2007.



32.1

Certification of the Company's Principal
Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.

32.1

Certification by CEO pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of
2002.

*
Filed as an exhibit to the Company's
Registration Statement on Form 10-SB, as
filed with the Securities and Exchange
Commission on October 5, 2007, and
incorporated herein by this reference.

Item 14. Principal Accountant Fees and Services

Rotenberg & Associates is the Company's
independent registered public accounting firm.

Audit Fees

	During the period since inception, April 16,
2007, through December 31, 2007, the aggregate fees
billed to the Company by its independent auditors
were $3,271 for the annual audit of financial
statements and review of the financial statements
included in the Company's Quarterly Reports on
Form 10-QSB.

Tax Fees

       There were no fees billed by Rotenberg for
professional services for tax compliance, tax advice,
and tax planning for the period from April 16, 2007
(Inception) to December 31, 2007.

Audit Committee's Pre-Approval Process

	The Board of Directors acts as the audit
committee of the Company, and accordingly, all
services are approved by the sole member of the
Board of Directors.

SIGNATURES

       In accordance with Section 13 or 15(d) of
the Securities Exchange Act of 1934, the registrant
has caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.





AFH HOLDING IV, INC.






Dated: March 27, 2008
By:
/s/ Amir F.
Heshmatpour


Name: Amir F.
Heshmatpour

Title: President,
Secretary and sole
Director













Exhibit 31.1

Certification of Principal Executive Officer and
Principal Financial Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act
of 2002
and Securities and Exchange Commission Release
34-46427

I, Amir F. Heshmatpour, certify that:

1. I have reviewed this annual report on Form 10-
KSB of AFH Holding IV, Inc.;

 	2.	Based on my knowledge, this
report does not contain any untrue statement of a
material fact or omit to state a material fact necessary
to make the statements made, in light of the
circumstances under which such statements were
made, not misleading with respect to the period
covered by this report;

 	3.	Based on my knowledge, the
financial statements, and other financial information
included in this report, fairly present in all material
respects the financial condition, results of operations
and cash flows of the small business issuer as of, and
for, the periods presented in this report;

 	4.	The small business issuer's other
certifying officer(s) and I are responsible for
establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-
15(e) and 15d-15(e)) and internal control over
financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the small business issuer
and have:

 	 	A.	Designed such disclosure
controls and procedures, or caused such disclosure
controls and procedures to be designed under our
supervision, to ensure that material information
relating to the small business issuer, including its
consolidated subsidiaries, is made known to us by
others within those entities, particularly during the
period in which this report is being prepared;

 	 	B.	Designed such internal
controls over financial reporting, or caused such
internal control over financial reporting to be
designed under our supervision, to provide
reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles;

 	 	C.	Evaluated the
effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report
our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of
the period covered by this report based on such
evaluation; and

 	 	D.	Disclosed in this report
any change in the small business issuer's internal
controls over financial reporting that occurred during
the small business issuer's most. recent fiscal quarter
(the small business issuer's fourth fiscal quarter in
the case of an annual report) that has materially
affected or is reasonably likely to materially affect,
the small business issuer's internal control over
financial reporting; and

 	5.	I have disclosed, based on my most
recent evaluation of internal control over financial
reporting, to the small business issuer's auditors and
the small business issuer's board of directors:

 	 	A.	All significant deficiencies
and material weaknesses in the design or operation of
internal control over financial reporting which are
reasonably likely to adversely affect the small
business issuer's ability to record, process,
summarize and report financial information; and

        	 	B.	Any fraud,
whether or not material, that involves management or
other employees who have a significant role in the
small business issuer's internal control over financial
reporting.

Date: March 27,2008


/s/ Amir F.
Heshmatpour




Amir F. Heshmatpour



Principal Executive
Officer and Principal
Financial Officer



















































Exhibit 32.1

Certification of Principal Executive Officer and
Principal Financial Officer
Pursuant to 18 U.S.C. Section 1350
As Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002

	In connection with the Annual Report of
AFH Holding IV, Inc. (the "Company") on Form 10-
KSB for the fiscal year ended December 31, 2007 as
filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I, Amir F.
Heshmatpour, certify, pursuant to 18 U.S.C. ss. 1350,
as adopted pursuant to ss. 906 of the Sarbanes-Oxley
Act of 2002, that to my knowledge:

(1) The Report fully complies with the requirements
of section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and

(2) The information contained in the Report fairly
presents, in all material respects, the financial
condition and results of operations of the Company.








/s/ Amir F.
Heshmatpour




Amir F. Heshmatpour



Principal Executive
Officer
Principal Financial
Officer
March 27, 2008
























32.2

CERTIFICATION FURNISHED
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 10-K
for the period ended December 31, 2007 (the
"Report") filed by AFH Holding IV, Inc. (the
"Company") with the Securities and Exchange
Commission, I, Amir F. Heshmatpour, Chief
Financial Officer of the Company, certify, pursuant
to 18 U.S.C. ss. 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:
The Report fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and
The information contained in the Report fairly
presents, in all material respects, the financial
condition and results of operations of the Company.
Date: March 27, 2008


/s/ Amir F.
Heshmatpour
Amir F.
Heshmatpour
Chief Financial
Officer
A signed original of this written statement required
by Section 906 has been provided to AFH Holding
IV, Inc. and will be retained by AFH Holding IV,
Inc. and furnished to the Securities and Exchange
Commission or its staff upon request.
























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