What is an accredited investor?
It is not a license or a certification. There is nothing to apply for. It is a description the SEC uses for people who meet certain financial criteria, and many people who meet it have never been told.
You qualify if either of these is true.
The net worth test
Your net worth, alone or together with a spouse, is over $1,000,000. The value of your primary residence is excluded from that calculation, and so is the mortgage on it.
The income test
Your individual income was over $200,000 in each of the last two years, or your joint income with a spouse was over $300,000, and you reasonably expect the same this year.
Either one is enough. These are separate tests, not a checklist. Meeting one of them makes you an accredited investor under SEC rules.
There are other categories as well. Certain entities qualify, as do individuals holding a Series 7, Series 65, or Series 82 license in good standing. Those are less common paths for individual investors, and they are noted here for completeness rather than as a recommendation.
Meeting the definition and proving it are two different steps.
Because this offering is available only to accredited investors, meeting the criteria is not by itself sufficient. Before any subscription can be accepted, an independent third party has to confirm your status. That usually means a letter from your CPA, attorney, or a registered broker-dealer or investment adviser, or documentation of income or assets. True North does not perform this review, and neither the pre-screen on this site nor anything you tell us on a call substitutes for it.
Circumstances change.
If you do not currently meet the criteria, this particular offering is not available to you, and we would rather tell you that plainly than leave it vague. Accredited status is based on your financial position, which changes over time. If yours does, the pre-screen is here whenever you want to check again.