APPLICATION TO PARTICIPATE IN BAI
Participation in the Bellingham Angel Investors requires qualification as an Accredited Investor.
As defined by the SEC, an accredited investor, in the context of a natural person, includes anyone who:
- earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
- has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person's primary residence).
- any trust, with total assets in excess of $5 million, not formed specifically to purchase the subject securities, whose purchase is directed by a sophisticated person, OR
- any entity in which all of the equity owners are accredited investors.
Upon receipt of your application, you will be contacted by a BAI representative.