Does the hotel room count as illegal fund-raising according to each partnership?

It is not illegal to raise funds in partnership according to hotel rooms, but this is the business operation mode of partnership. In life, we often encounter such examples. In order to eliminate risks or raise funds, we will partner several people to do business with each other and then distribute them according to profits.

Illegal fund-raising refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of the relevant departments in accordance with legal procedures, and promises to repay the principal and interest to investors in cash or in kind within a certain period of time. So from now on, hotel rooms are not illegal fund-raising.