The 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

The 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