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.
Virginia Accredited Investor Certification Letter
State:
Multi-State
Control #:
US-ENTREP-0011-1
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Word;
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How to fill out Accredited Investor Certification Letter?
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Other types of accredited investors The following can also qualify as accredited investors: Financial institutions. A corporation or LLC, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5M. Knowledgeable employees of private funds.
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 ...
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 qualify as an accredited investor, you must have over $1 million in net worth, or more than $200,000 in earned income in the past two calendar years, with the expectation of the same earnings. Financial professionals with Series 7, 65 or 82 licenses also qualify.
Since there is no actual accreditation process, there's no need for self-certification. Of course, accredited investors may secure the required financial statements ahead of time so that it is easier to prove their status during the investor verification process.
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.