To qualify as an accredited investor, per SEC regulations, one of the following must be true:
Net worth: I am a natural person whose individual net worth, or joint net worth with my spouse, exceeds $1 million (excluding equity in my principle residence).
Individual Income: I am a natural person who had individual income in excess of $200,000 in each of the most recent two years, or joint income with my spouse in excess of $300,000 in each of those years, and expect to reach the same income level in the current year.
Trust: I am a trust not formed for the specific purpose of making this investment, with total assets in excess of $5 million, whose purchase is directed by a person who is financially sophisticated within the meaning of the United States of federal securities laws and regulations.
Business Entity: I am a business entity in which all the equity owners are accredited investors.
Corporation: I am corporation, limited liability company, or partnership, not formed for the specific purpose of making this investment, with total assets in excess of $5 million.
Institutional Account: I represent an institutional account with $50 million or greater of investable assets and, therefore, satisfy the institutional customer exemption pursuant to FINRA RULE 2111 (b).