According to the SEC: The financial criteria of an accredited investor is that he/she/they have a "Net worth over $1 million, excluding primary residence (individually or with spouse or partner) Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year". Not $107K.
Do you have to incorporate to do an equity crowdfunding financing deal? And can you accept funds in small amounts from “non accredited”investors? I saw a thing that allowed non accredited investors could invest like $2,000 each, but then a CPA has to have audited the business and that information must be disclosed to the non accredited investors - the audit would be expensive. I want to do small real estate projects, like building one small home at a time on individual vacant lots. I could get this business up and running with access to as little as $200K, though $500K would provide more breathing room, $1 M would be ideal.
Sir, Could you suggest few credit unions & small banks actively looking for new business loan customers. Banks are sitting on billion of dollars cash hoard & are getting only 2--3 % on CDs & that is not productive for the banks.Sir, Thank you.
According to the SEC: The financial criteria of an accredited investor is that he/she/they have a "Net worth over $1 million, excluding primary residence (individually or with spouse or partner)
Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year". Not $107K.
Do you have to incorporate to do an equity crowdfunding financing deal? And can you accept funds in small amounts from “non accredited”investors? I saw a thing that allowed non accredited investors could invest like $2,000 each, but then a CPA has to have audited the business and that information must be disclosed to the non accredited investors - the audit would be expensive. I want to do small real estate projects, like building one small home at a time on individual vacant lots. I could get this business up and running with access to as little as $200K, though $500K would provide more breathing room, $1 M would be ideal.
Quite a lot there. Thank you great video.
Sir, Could you suggest few credit unions & small banks actively looking for new business loan customers. Banks are sitting on billion of dollars cash hoard & are getting only 2--3 % on CDs & that is not productive for the banks.Sir, Thank you.