Are you an Accredited Investor?
The SEC defines an accredited investor as:
(A) A natural person whose individual net worth, or joint net worth with that person's spouse, at the time of purchase exceeds $1,000,000, excluding the value of the primary residence of such natural person.
(B) A natural person whose individual income exceeded $200,000 in each of the last two calendar years or who had joint income with his or her spouse in excess of $300,000 in each of those years and, in either case, who reasonably expects to reach the same income level in the current calendar year.
(C) Small Account Investor
A natural person whose individual income is $60,000 or greater for at least two calendar years or whose joint annual income with his or her spouse of $120,000 in those calendar years, who responsibly expects to reach the same income level in the current calendar year.