Do businesses on the platform require me to show accreditation documents?
Will I need to provide proof of being an accredited investor to the company or the startup owner? Is it necessary to submit documentation to the startup to verify that I’m an accredited investor?
Yes, if you’re investing in a startup that requires accredited investors, you’ll likely need to provide documentation to prove your status. However, whether this documentation is requested can depend on the individual startup. Most startups will ask for it to ensure they comply with SEC regulations, but some might have different processes in place. Typically, you can expect to provide financial statements, tax returns, or a letter from a qualified professional (like a lawyer, accountant, or financial advisor) to verify that you meet the income or net worth requirements. So, while it’s not an absolute requirement in every case, most startups will want this documentation to move forward with accredited investors.