Quiz

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  • What is an an accredited investor?

    (An accredited investor is required to have either income exceeding $200,000, joint income exceeding $300,000, or a net worth that exceeds $1 million excluding their primary residence.)

    (a) Each equity owner has an individual net worth* or joint net worth with his or her spouse in excess of $1,000,000, excluding his or her primary residence; or (b) Each equity owner has had an individual income* in excess of $200,000 in each of the last two calendar years and reasonably expects an individual income in excess of $200,000 for the current calendar year; or (c) Each equity owner and his or her spouse has had a joint income* in excess of $300,000 in each of the last two calendar years and reasonably expects a joint income in excess of $300,000 in the current calendar year.