Company Operations

Founder process guides for operating an OCV company.

OCV stands up workplace applications, payroll, banking, and equity administration as part of the company incorporation process. After incorporation, many day-to-day administrative tasks are transitioned to the founders.

Create a company handbook

A company handbook is a systematic way of documenting how a company works. It is the most efficient way to transfer information and facilitates intentional communication.

Given that OCV companies are founded on open-source technology projects and the principle of transparency, they tend to operate through a public handbook. Operating through a public handbook encourages accountability and supports hiring efforts.

OCV support scope

OCV provides ongoing support as well as access to external finance and HR support partners. As the sole board seat holder, OCV continues to manage some key legal, financial, and administrative responsibilities until the founders raise external financing.

Business Operation
OCV Pre-CEO Support Scope

Banking

  • Manages bank account connections and vendor payments with external partner

  • Provides company finance and expense policies

Bookkeeping

  • Manages monthly finance review process with external partner

Hiring

  • Approves equity grants

  • CEO recruiting

  • Negotiates fees with external partners/recruiters

  • Provides compensation data, benefits structure, and offer letter templates

Legal

  • Coordinate legal needs with external counsel

Payroll & Benefits

  • Manages administration with external partner

Taxes

  • Manages federal, state, and local filings with external vendors.

  • Manages annual tax reporting

Board management

  • Coordinates board approval process