North Dakota Accredited Investor Suitability

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US-ENTREP-0014-1
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Description

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.
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FAQ

As mentioned above, you need to have a net worth that exceeds $1 million as an individual or joint with your spouse to be considered accredited. To find your net worth, add up all your assets and subtract all your liabilities. You may not include your primary residence in your net worth calculation.

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.

An individual with gross income exceeding $200,000 in each of the two most recent years or joint income with a spouse or partner exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.

What is an Accredited Investor Under Regulation D? For most cases, an Accredited Investor is an individual whose income is over $200,000/year (for single persons) or $300,000/year (for married couples) or has a net worth over $1,000,000 not including equity in their principal residence.

Requirements for Accredited Investors An entity is considered an accredited investor if it is a private business development company or an organization with assets exceeding $5 million. Also, if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor.

Net worth over $1 million, excluding primary residence (individually or with spouse or partner) Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year.

Accredited Investor Definition The SEC defines an accredited investor as someone who meets one of following three requirements: Income. Has an annual income of at least $200,000, or $300,000 if combined with a spouse's income.

It also directs the agency to review the accredited investor definition every five years. Only investors who meet income and wealth thresholds ? $200,000 or more in annual income or $1 million in net worth excluding the value of a home ? or hold certain certifications can purchase unregistered securities.

To acquire your Series 7, Series 65, or Series 82 licenses, each of which will qualify you as an accredited investor, you'll need to take an exam given by FINRA. Once you have passed the exam and earned your license, you can provide your documentation to the seller of the investments you want to purchase.

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.

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North Dakota Accredited Investor Suitability