In the process of setting up private equity funds, it is necessary to avoid being suspected of "the crime of illegally absorbing public deposits" and "the crime of fund-raising fraud", and at the same time to standardize the operation. Therefore, when setting up private equity funds or recommending limited partnerships, the following points need to be followed: 1. Setting up funds according to law: setting up funds according to law, and completing the examination and approval of financial office, registration and filing of industrial and commercial departments according to the requirements of various departments. 2. Raise funds from specific targets: First, the number of investors must comply with the law. Where funds are raised in the form of a limited liability company or a limited partnership, the number of investors shall not exceed 50 (where funds are raised in the form of a joint stock limited company, the number of investors shall not exceed 200); Secondly, it is necessary to examine whether investors invest with loans or funds entrusted by others, which can be examined and confirmed by asking investors to issue a letter of commitment; Finally, investors should have corresponding risk tolerance, which is embodied in limiting the minimum investment amount of a single investor. For example, the investment amount of a natural person investor should not be less than 6,543,800 yuan. 3. Private publicity: When raising funds, advertising is not allowed. In order to be legal and give consideration to efficiency, under the premise of strictly observing other points, roadshows can be conducted in a small scale (the number of participants does not exceed the upper limit of the number of investors), and then specific investors can be screened or interviewed. 4. Don't promise guaranteed income or minimum income: One form of promising fixed income is to protect capital and interest, and whether to sign the clause of capital preservation and interest protection is the main criterion to confirm whether it constitutes illegal fund-raising. In addition, its form is not limited to currency, and the commitment to fixed objects and equity is also considered as a commitment to fixed income. 5. Legal and compliant use of raised funds: if the raised funds are used for profligacy, resulting in failure to return, evade raised funds, transfer raised funds, hide raised funds, false investment failure, illegal and criminal activities, it is suspected of fund-raising fraud.