# Company Operations

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. 

## Quick Links

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h2>People Ops</h2></td><td>Process guides for hiring, benefits, and company policies.</td><td><a href="people-ops">people-ops</a></td></tr><tr><td><h2>FinanceOps</h2></td><td>Process guides for banking, taxes, and equity.</td><td><a href="finance-ops">finance-ops</a></td></tr><tr><td><h2>LegalOps</h2></td><td>Process guides for security and compliance.</td><td><a href="legal-ops">legal-ops</a></td></tr><tr><td><h2>Pulse</h2></td><td>Internal dashboard for company tracking</td><td><a href="pulse">pulse</a></td></tr></tbody></table>

## Create a company handbook&#x20;

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.&#x20;

<table><thead><tr><th width="177.84375">Business Operation</th><th>OCV Pre-CEO Support Scope </th></tr></thead><tbody><tr><td>Banking</td><td><ul><li>Manages bank account connections and vendor payments with external partner</li><li>Provides company finance and expense policies</li></ul></td></tr><tr><td>Bookkeeping </td><td><ul><li>Manages monthly finance review process with external partner</li></ul></td></tr><tr><td>Hiring </td><td><ul><li>Approves equity grants</li><li>CEO recruiting</li><li>Negotiates fees with external partners/recruiters</li><li>Provides compensation data, benefits structure, and offer letter templates</li></ul></td></tr><tr><td>Legal</td><td><ul><li>Coordinate legal needs with external counsel</li></ul></td></tr><tr><td>Payroll &#x26; Benefits</td><td><ul><li>Manages administration with external partner</li></ul></td></tr><tr><td>Taxes</td><td><ul><li>Manages federal, state, and local filings with external vendors.</li><li>Manages annual tax reporting</li></ul></td></tr><tr><td>Board management</td><td><ul><li>Coordinates board approval process</li></ul></td></tr></tbody></table>


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