Under SEC law, a company that offers its own securities must register these investments with the SEC before it can sell them unless it meets an exception. One of those exceptions is selling unregistered investments to accredited investors.
To become an accredited investor the (SEC) requires certain wealth, income or knowledge requirements. The investor must fall into one of three categories. Firms selling unregistered securities must put investors through their own screening process to determine if investors can be considered an accredited investor.
The Verifying Individual or Entity should take reasonable steps to verify and determined that an Investor is an "accredited investor" as such term is defined in Rule 501 of the Securities Act, and hereby provides written confirmation. This letter serves to help the Entity determine status.
North Dakota Accredited Investor Certification
State:
Multi-State
Control #:
US-ENTREP-0011-8
Format:
Word;
Rich Text
Instant download
Description
How to fill out Accredited Investor Certification?
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FAQ
The SEC's Rule 506 allows self-certification of investors in order for them to become accredited.
Requirements to Be an Accredited Investor A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
Reviewing bank statements, brokerage statements, and other similar reports to determine net worth. Obtaining written confirmation of the investor's accredited investor status from one of the following persons: a registered broker-dealer, an investment adviser registered with the SEC, a licensed attorney, or a CPA.
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.
To confirm their status as an accredited investor, an investor can submit official documents for net worth and income verification, including: Tax returns. Pay stubs. Financial statements. IRS forms. Credit report. Brokerage statements. Tax assessments.
For the net worth test, you (or you and a spouse or spousal equivalent) must show enough assets to evidence a net worth of at least $1,000,000 USD ignoring the value of your primary residence and after discounting all your other liabilities (including liabilities exceeding the value of your primary residence and ...
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.
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.
