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OCV Public Handbook/🆕New Company Launch Process

New Company Launch Process

Typical company launch process takes 6 weeks at a minimum. Following:
  1. Founder(s) to sign indicative offer letter (official launch kick-off)
  1. Legal / incorporation process: 2-3 weeks
    1. Founders will need to sign an engagement letter with legal counsel
  1. Bank account setup and funding (after regulatory filings): 1 week
    1. Founders may be required to complete KYC steps for bank application
    2. Founders to complete common share purchase prior to OCV SAFE funding
    3. Founders to send in their 83b Election to the IRS and confirmation with Legal Team
  1. Corporate credit card & EOR setup (after bank account is funded): 1 week
    1. Founders to sign EOR contract and complete founder onboarding in EOR system
    2. Founders may be required to complete KYC steps for corporate credit card
  1. Other core business systems setup / purchase founder equipment, etc. See