During company formation stage, OCV companies follow a set of standard systems to ensure a smooth and efficient launch process.
Initial systems
Some initial systems are required to initiate legal entity formation process, these include:
- Domain name
- May involve registration of a new name or the transfer of an existing name owned by the founder
- Company email
- Founder email address
- Group emails for the company’s support teams
- Virtual Mailing Address
- Registered Agent
Core systems
After SAFE funding, additional core systems will be set up, these include:
- EOR account for payroll and as an HRIS
- Company credit card account
- Equity management account
- Secure password management vault
A DUNS number will also help with verification and legitimacy for even startups at the earliest stages and help facilitate certain business relationships.