b'How to Legally Raise Private MoneyThe meeting can be held by phone or in person if there are other mem-bers of the managing entity who should be included, but you should follow the meeting protocol described in your companys agreement for calling and conducting the meeting and any votes or resolutions taken. At the initial meeting, you should: Accept the managing entity; andAdopt any other resolutions as necessary to authorize the manager to conduct business and raise money for the company. MAINTAIN YOUR COMPANY BOOKS AND RECORDSYou must maintain separate books and records for the company and must not allow the funds of the company to be commingled with the funds of any other company you own or control; or any other bank ac-count owned or controlled by the manager or any of its individual mem-bers, officers, partners or employees, or another member of the company.We recommend you start a filing system or three-ring binder notebook in which to keep the companys governing agreement, meeting minutes, resolutions, andlist ofmembers andtheir contactinformation. You should also include any other information you deem relevant to the com-pany. It will be necessary to do this for your managing entity as well.WIND UP AND DISSOLVE THE COMPANYWhen you have sold the property, you will need to wind up the affairs of the company and dissolve the investment company. A company that pre-viously owned a syndicated asset should not be re-used. This is to ensure that you dont carry any unknown liabilities forward into a new offering. Before you can dissolve the company, however, you must ensure that: All debts and outstanding bills for the company have been paid. If there are outstanding debts at the time the company is dissolved, members of the management team and/or investors could become personally liable for them. If any of your companies are involved in 150'