3 ms·
If you aren't accredited and you are investing in a company, a lot of times you are doing them a disservice. Have you read up on the consequences of taking on
by webwright 18y ago
If you aren't accredited and you are investing in a company, a lot of times you are doing them a disservice. Have you read up on the consequences of taking on non-accredited investors?
I'd love to be an angel investor, too-- but if you can't pass that particular test, you really shouldn't be in the game.
And, honestly-- $5k isn't worth the cost of the legal paperwork necessary to take you on as an investor.
If you want to be in the game, try to get an advisor role with a tiny sliver of stock.
- aneesh 18y agoDo you have to file some paperwork to be officially accredited, or is simply meeting the wealth or income criteria sufficient?
- alain94040 18y agoThe precise definition is at http://www.sec.gov/answers/accred.htm http://www.sec.gov/answers/accred.htm Either you are, or you are not. There is no paperwork or exam (is that constitutional to seggregate based on wealth?) For most individuals, the requirement is: 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 or a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million