1What are you verifying?
What documents will you need?
You'll upload these after checkout. One rule applies to everything: statements for IRAs, brokerage, and other bank-held accounts must be pulled within the last 30 days.
Entities owned by an individual (single-member LLC, revocable trust, SDIRA)
Always required: a current balance sheet for the entity, with a signed affidavit stating that all assets and liabilities are disclosed.
Plus at least one of the following:
- An asset purchase agreement from the last 12 months, between non-related parties
- Documentation of a recent equity raise
- A third-party buy-in or buy-out
- A recent independent appraisal (typically an ASA, ABV, CVA, or CFA valuation report)
Where applicable:
- Any real estate counted toward value: an appraisal or a realtor's CMA — signed, with their license number — plus loan payoff statements for any mortgages
- A credit report from the last 30 days
Don't have third-party documentation? Your CPA can discuss alternative procedures, such as a valuation based on a multiple of Seller's Discretionary Earnings (SDE) or EBITDA — quoted case by case once your documents are in.
Multi-member entities (LLC, LP, partnership)
All five are required:
- The ownership or partnership agreement
- The most recent Schedule K-1
- A current balance sheet, with a signed affidavit that all assets and liabilities are disclosed
- The most recent statement or payoff for every debt shown on that balance sheet
- A client representation letter attesting that there have been no material changes in financial condition and no material information has been omitted
Entities qualifying on the $5M asset test
More than $5,000,000 in total assets, confirmed from the entity's financial statements, brokerage statements, or an accountant's letter. Your CPA will tell you if anything else is needed for your structure.
Family offices
- Organizing documents showing the entity was established as a family office
- A recent balance sheet or custodial statement demonstrating $5,000,000 or more in assets under management
- An affidavit stating the entity was not formed for the specific purpose of acquiring the investment this letter will cover
- A representation identifying the individual responsible for making investment decisions
Family clients of a qualifying office only: confirmation that the investor is a family client under the Family Office Rule (SEC Rule 501(a)(13)), and that the qualifying family office directs the investment.
Institutions (funds, RIAs, banks, and other structures)
"Institution" covers many structures, so documentation is case by case. At a minimum, your CPA will need:
- Organizing documents
- A current balance sheet, with a signed affidavit that all assets and liabilities are disclosed
- Custodial statements
An independent valuation can substitute for some of the above. Expect your CPA to request additional documentation depending on the structure.
2Your details
The entity's city and state (its principal place of business) appear on the verification letter so a sponsor can match it to your subscription documents.
3Entity details
Quote request received
Thanks — your assigned licensed CPA will review the details and we'll email you a quote, usually within one business day.
Once you approve, you'll receive a secure Stripe invoice to pay online, and your verification begins right away.
Entity & trust verification: common questions
Verifying a fund or multi-owner entity? See our guide to accredited investor verification for funds, or estimate your path with the entity calculator.
What documents does an entity or trust need to verify as an accredited investor?
It depends on the qualification path. Under the look-through method, each beneficial owner provides the same income or net-worth documentation an individual would, plus the entity's formation documents. Under the $5 million asset test, the entity provides recent statements showing more than $5 million in total assets. In every case an authorized signer provides a photo ID, and a licensed CPA reviews the file and issues the letter.
How much does entity verification cost?
A single-owner entity or trust starts at $199 and includes up to two entities, with each additional entity $59 (up to 20). The $5 million asset test is $499. Multi-member entities, family offices, and institutions are priced by quote. A 12-business-hour rush is available for $59.
How does the $5 million asset test work for an entity?
An entity with more than $5 million in assets that was not formed for the specific purpose of making the investment can qualify as accredited under SEC Rule 501(a)(3), without looking through to its owners. The CPA reviews recent asset statements to confirm the threshold.
Can a trust or self-directed IRA be verified?
Yes. A trust can qualify through the $5 million asset test, or a revocable grantor trust can look through to the grantor's own accreditation. A self-directed IRA generally looks through to the individual account holder. The right path depends on how the entity is structured, which the CPA confirms during review.