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You don't have to be accredited, but the company would be playing with fire by taking your money if you're not.
by damoncali 16y ago
You don't have to be accredited, but the company would be playing with fire by taking your money if you're not.
- wallflower 16y agoGood point. Friends & family can always invest.
- angelbob 16y agoThe actual regulations are that the company owes you slightly more in terms of unaudited financials as an unaccredited investor, and there's a maximum total (something like 20 or 30?) number of unaccredited investors they can have. Companies try to avoid it -- who wants one extra burden as a startup, even a small burden? But it's not as onerous as you might think.