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*Accredited investor. For individuals, an “accredited investor” generally includes a person whose individual net worth, or joint net worth with the person’s spouse or spousal equivalent, exceeds $1,000,000, excluding the value of the person’s primary residence, subject to SEC rules for related indebtedness; or a person with individual income over $200,000 in each of the two most recent years, or joint income with a spouse or spousal equivalent over $300,000 in each of those years, and a reasonable expectation of reaching the same income level in the current year. Certain entities and certain persons with specified professional certifications, designations, credentials, or statuses may also qualify.
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