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If you are accredited based on income, you will need to provide documentation in the form of tax returns, W-2s, or other official documents that show you meet the required income threshold for the prior two years.
In the U.S., an accredited investor is anyone who meets one of the below criteria: Individuals who have an income greater than $200,000 in each of the past two years or whose joint income with a spouse is greater than $300,000 for those years, and a reasonable expectation of the same income level in the current year.
The SEC in 2020 issued rules in Release No. 33-10824, Accredited Investor Definition, allowing investors holding certain professional licenses, such as a Series 7, to qualify as accredited, even if they fall short of meeting the income or asset tests.
How can individuals qualify as accredited? Individuals (i.e., natural persons) may qualify as accredited investors based on wealth and income thresholds, as well as other measures of financial sophistication.
The simplest way to attain ?accredited investor? status is to ask for a 3rd party verification letter from a registered broker dealer, an attorney or a certified public accountant.
Individuals who want to become accredited investors must fall into one of three categories: have a net worth exceeding $1 million on your own or with a spouse or its equivalent; have earned an income surpassing $200,000 ($300,000 if combined with a spouse or its equivalent) during the last two years and prove an ...
Can an LLC become an accredited investor? Yes, a Limited Liability Company (LLC) could potentially qualify as an accredited investor if it has total assets of at least $5,000,000 and the LLC was not created for the specific purpose of acquiring the securities.