As if crowdfunding for non-accredited investors wasn’t confusing enough already, 35 states also have some form of law permitting residents who are non-accredited investors to invest in crowdfunding of businesses located within the state. (For example, Illinois residents who are not accredited investors can still invest up to $5,000 in Illinois companies raising financing through equity crowdfunding.) This page lists the intrastate crowdfunding rules for non-accredited investors, including investment limits.
If you are a non-accredited investor living in one of these states, you may be eligible to invest in “intrastate” crowdfunding offerings, which means not only often higher limits than under federal securities laws, but also the chance to invest in businesses closer to home.
The specifics vary quite a bit within each state, so you’ll want to do more homework about any particular state’s offerings and requirements before investing.
Want to learn more but aren’t sure where to start? You can explore 120 crowdfunding investment platforms in our database and learn more about the nuts and bolts of crowdfunding and alternative investing on our blog. Did you know you can use a self-directed retirement account to invest in many alternative investments? Rocket Dollar makes it easy, and when you sign up using that link you'll be helping to support YieldTalk.