Using Microsoft Teams collaborative note taking with Loop is set in the calendar invite.
When you scroll down you'll see the headings agenda, meeting notes and follow-up tasks.
Add here all the agenda topics that you would like to discuss in this meeting.
When you send off the calendar invite,
all participants will be able to add to this same agenda.
When you join the meeting you will see the full collaborative agenda,
no separate consolidating needed. During the meeting you are able
to to use the other two sections, meeting notes and follow-up tasks.
Again all participants are able to edit both these sections.
Actions are separated from meeting notes and added to the follow-up tasks.
When adding tasks you can assign to a person and add a deadline if you like.
Once the meeting is finished all tasks will be added to your Microsoft planner.
And there it is.