Abstract: The invention relates to a process for preparing polyorganosiloxanes by (i) condensation polymerization of at least one linear organosiloxane which has at least one hydroxy group or hydrolysable group bound to a silicon atom, (ii) ring-opening polymerization of at least one cyclosiloxane, or (iii) ring-opening polymerization and condensation polymerization of a mixture of at least one linear organosiloxane which has at least one hydroxy group or hydrolysable group bound to a silicon atom and at least one cyclosiloxane with a basic initiator and a hydroxy group-containing compound in the presence of a polar aprotic solvent, wherein the obtained polyorganosiloxanes are not miscible in the polar aprotic solvent at room temperature.