• Income Test:
Earned over $200,000 individually (or $300,000 jointly with spouse) in each of the past two years, and reasonably expect the same for the current year.
• Net Worth Test:
Have a net worth over $1 million, excluding the value of their primary residence.
• Professional License Test:
Hold certain professional financial licenses, like:
o Series 7 (General Securities Representative License)
o Series 65 (Investment Adviser Representative)
o Series 82 (Private Securities Offering Representative)
Entities (LLCs, Trusts, Companies):
• Assets Test:
An entity (LLC, trust, corporation) with assets over $5 million, not formed just to invest in your offering.
• Owner Test:
If every beneficial owner of the entity is an accredited investor.
