SEC Rule 501 of Regulation D defines accredited investors as follows
You must meet one of the following criteria:
You have an individual income of more than $200,000 per year in each of the last two years and expect to maintain the same level of income in the current year.
You and your spouse jointly have an income of $300,000 per year in each of the last two years and expect to maintain the same level of income in the current year.
You have a net worth exceeding $1M, excluding your primary residence, either individually or jointly with your spouse.
You invest on behalf of an entity with at least $5M in assets or a business in which all the equity owners are accredited investors.
