Incorporation filing workflow

Our incorporation process generally entails the following sequential workflows:

  1. OCV provides information required for incorporation docs to the Legal Team
  2. OCV reviews draft incorporation documents and signs final versions including Form SS-4 and required CA filings

Founders will need to sign their Share Purchase Agreement(s) and other corporate forms as required at this time. While these would not block Steps 3-5 below. They impact the timing of the Founder Share Purchase Process and OCV funding (📄Step 6: Fund the Business), which is a gating item for 📄Step 7: Systems Setup.

  1. Legal Team files Certificate of Incorporation with Delaware’s Secretary of State
  2. Legal Team applies for an EIN with the IRS
  3. Legal Team files California Designation by Foreign Corporation and Statement of Information (initial) with the California Secretary of State
  4. Legal Team provides filed copy of the Certificate of Incorporation & EIN to OCV
  5. Legal Team prepares and files in California:
    1. CA 25102(f) Notice - for founder / common stock issuance
    2. CA 25102(o) Notice - for company’s equity incentive plan
    3. CA S&DC-SN - Statement and Designation by Foreign Corporation
    4. CA SI-550 - Secretary of State Statement of Information
  6. Once common share purchase is complete and funded, Legal Team prepares safe the safe agreement for OCV to review and execute.
  7. Once safe funding (Step 6: Banking systems set up) is complete, Legal Team prepares and files CA 25102(f) Notice for OCV safe.

Information required for incorporation documents

  1. Company Name (Already Completed OCV’s quick company name availability search)
  2. Brief Business Description
  3. Entity Structure: C-Corp or PBC
  4. Information from Initial Systems Associated with Company
    1. Company Address (Virtual mailbox)
    2. Registered Agent Address
    3. Service of Process: name of the registered agent
    4. Company’s Billing Email
  5. Incorporator: OCV
  6. Initial Director: OCV (single director in the company’s board of directors)