Are You an Accredited Investor? Find out Here
Generally, you can qualify as an accredited investor on the basis of income criteria, or a net worth criterion.
Income Criteria – Must Meet Both
Do you reasonably expect your income, from all sources during this year, to exceed $200,000 or, if you are married, the joint income of you and your spouse from all sources during this year to exceed $300,000?
Was your yearly individual income from all sources during each of the last two years in excess of $200,000 or, if you are married, was the joint income of you and your spouse during each of those years in excess of $300,000?
Net Worth Criterion
Is your net worth, including the net worth of your spouse, in excess of $1,000,000 (excluding the value of your primary residence)? Please remember that your net worth for this question should include the value of any other shares of stock or options held by you and your spouse and any personal property owned by you or your spouse (e.g. furniture, jewelry, other valuables, etc.), but must exclude the value of your primary residence.
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 For purposes of the Income Criteria, “income” means annual adjusted gross income, as reported for federal income tax purposes, increased by the following amounts: (a) the amount of any tax exempt interest income received, (b) the amount of losses claimed as a limited partner in a limited partnership, (c) any deduction claimed for depletion, (d) amounts contributed to an IRA or Keogh retirement plan, (e) alimony paid, and (f) any amounts by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue Code.
 For purposes of the Net Worth Criterion, “net worth” means the excess of total assets, excluding your primary residence, at fair market value over total liabilities, including as a liability (a) your mortgage or any other liability secured by your primary residence only if and to the extent that it exceeds the value of your primary residence and (b) any incremental debt secured (or to be secured) by your primary residence if such debt is incurred (or will be incurred) in the sixty (60) days prior to the date of the issuance of the Note and or the Preferred Stock.