An accredited investor is an individual whose income exceeded $200,000 in each of the two prior years (or $300,000 together with a spouse), and whose income is expected to be the same for the current year. An accredited investor may also include a person with a net worth over $1 million, either individually or with a spouse, and this excludes the value of the individual’s primary residence. Investors must qualify as “accredited investors” to purchase certain securities offerings that are exempt from registration with the SEC, which typically includes private placements and other non-publically traded offerings.
