There are lots of benefits to using a special purpose vehicle or SPV to raise capital. However, you undermine these advantages if you don’t familiarize yourself with its legal aspects. Handling legal affairs may be intimidating, but it is a necessary aspect of any business venture. If you want to utilize the full potential of an SPV, you need to know how to navigate its legalities.In this episode, McCall Harris talks about the legal processes involved with SPVs. She also explains from a legal standpoint why it is a favourable alternative to venture capital funds. In addition, McCall talks about the steps involved in creating and dissolving an SPV. Finally, she provides details behind the legal documents essential in these processes.If you are a mission-driven founder who wants to try SPVs for your business, this episode is for you!3 reasons why you should listen to the full episode: Understand the step-by-step process of creating an SPV.Learn the documents you need for an SPV.Find out more about dissolving an SPV, whether in a successful or unsuccessful exit.Episode Highlights[05:24] Being a Lawyer and Specializing in SPV[07:43] What Is a Special Purpose Vehicle?[12:09] The Four-Step Process of Creating an SPV[13:47] Benefits of SPVs[15:29] Why Does a Cleaner Cap Table Matter?[17:50] Legal Documents You Need to Know[21:37] Drafting an Operating Agreement[26:01] The Terms Included in an Operating Agreement[28:03] Legal Aspects of Successful Business Exits[34:42] Unsuccessful Business Exits[38:44] Other ConsiderationsEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me.ResourcesVisit Christina Sjahli’s for more insights on raising capital through equity crowdfunding on the Her CEO Journey podcast.Episode 118: Using a Special Purpose Vehicle as an Option for Capital Raising - The Journey of Katie NeilsonEpisode 119: Ensure Your Startup Growth: Tips on Capital Raising Using Special Purpose Vehicle And Strategic Development Are you getting ready for capital raising? Identify the financial gaps that can stop you from building a profitable and sustainable business. Download this quiz!Download this Action Guide to help you determine if an SPV is right for your business.Assure — The Special Purpose Vehicle Specialist: Website | LinkedIn