b'7. CHOOSE YOUR CORPORATE STRUCTUREWhether you borrow funds from multiple investors or sell interests to a group of investors, you will need to have a place to pool the money other than your personal bank account.You will also need a means to take title to the real estate in something other than your personal name. This is usually accomplished by form-ing a legal entity, such as a corporation, limited liability company (LLC), limited partnership (LP), or owning fractional interests in real estate in a tenant in common (TIC) structure. Syndicators typically use legal entities for the following purposes:To borrow money from third partiesTo sell interests to investors who will become owners of the com-panyTo manage another companyWHAT IS THE CORPORATE VEIL? The reasons to form a company rather than conduct business in your own name are two-fold: 1) to protect your personal assets from liability 71'