LLCs As “Accredited Investors”
Last week the Securities and Exchange Commission
approved amendments to Rule 501 of Regulation D to expand the definition of who
is an “accredited investor.”
Effective late October, 2020, pursuant to amendments to
Rule 501 of Regulation D approved by the Securities and Exchange Commission on
August 26, 2020 and effective late October, 2020, limited liability companies
with at least $5 million in assets fall within the definition of an “accredited
investor.” See SEC Modernizes the Accredited
Investor Definition, Release 2020-191 (August 26, 2020); HERE IS A LINK to that Release. There is also Release No. 33-10824, SEC Amending the “Accredited
Investor” Definition; HERE IS A LINK to that document.
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