Friends and Family Round | Rule 504 | Regulation D

ARTICLES

Can a friends and family round include non-accredited investors? Should it?

August 15, 2011

The friends and family round of financing is a great source of financing to bootstrap a business and get it off the ground.  If it is done correctly, it should be structured as a private placement to comply with securities laws.  Most people associate private placements with offerings made only to accredited investors.  However, it is possible to conduct a private placement that includes non-accredited investors.  While it is doable, there are pitfalls.

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Can a friends and family round include non-accredited investors? Should it?

AUTHOR

Alexander Davie

Alexander Davie