During company formation stage, OCV companies follow a set of standard systems to ensure a smooth and efficient launch process.
Some initial systems are required to initiate legal entity formation process, these include:
OCV will set up a bank account for the company and manage SAFE funding process. Founders will have full access to the account and sometimes required to complete KYC steps as part of the bank application process.
For recommended best practices on Banking see Bank Accounts & Management.
After SAFE funding, OCV will work with founders to set up other core business operations systems. See Launch Day Checklist for additional details.
A DUNS number will also help with verification and legitimacy for even startups at the earliest stages and help facilitate certain business relationships. Setting up an Apple business account will help facilitate purchases and returns of computers.