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.