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How Do I Verify Accredited Investor Status for My Reg D Offering?

Started by accredited_verification_q · Jun 18, 2023 · 9 replies
For informational purposes only. This is not legal advice.
AV
accredited_verification_qOP

Looking for advice on this situation. How Do I Verify Accredited Investor Status for My Reg D Offering? Any guidance would be greatly appreciated.

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

MI
MarkLegal_IPAttorney

Securities compliance isn't optional. Even for a friends-and-family round, you need a proper exemption (usually Reg D 506(b)). The penalties for unregistered securities offerings are severe and personal.

PI
privacy_invaded_renter

At the seed stage, simplicity wins. SAFEs are simpler than convertible notes (no maturity date, no interest). But some investors prefer the forced conversion mechanic of a note. Know your leverage.

PI
privacy_invaded_renter

At the seed stage, simplicity wins. SAFEs are simpler than convertible notes (no maturity date, no interest). But some investors prefer the forced conversion mechanic of a note. Know your leverage.

AN
AttorneyRachelS_NYCAttorney

At the seed stage, simplicity wins. SAFEs are simpler than convertible notes (no maturity date, no interest). But some investors prefer the forced conversion mechanic of a note. Know your leverage.

PI
privacy_invaded_renter

Securities compliance isn't optional. Even for a friends-and-family round, you need a proper exemption (usually Reg D 506(b)). The penalties for unregistered securities offerings are severe and personal.

WO
waiting_on_wages

Securities compliance isn't optional. Even for a friends-and-family round, you need a proper exemption (usually Reg D 506(b)). The penalties for unregistered securities offerings are severe and personal.

EL
EmploymentLaw_LAAttorney

At the seed stage, simplicity wins. SAFEs are simpler than convertible notes (no maturity date, no interest). But some investors prefer the forced conversion mechanic of a note. Know your leverage.

KM
KellyMartinez_ModModerator

Good discussion. Tagging this for the resource library.

AV
accredited_verification_qOP

Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.

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