Investor and Purchaser Representative Questionnaire
(Start-Up)


Summary

This investor and purchaser representative questionnaire template may be used in connection with a private offering of a start-up's common stock made in reliance on Rule 506(b) (17 C.F.R. § 230.501)) of Regulation D. This template includes practical guidance and drafting notes. Rule 506(b) offerings may be made to an unlimited number of “accredited investors” (as defined in Rule 501(a) of Regulation D (17 C.F.R. § 230.501)), but are limited to up to 35 non-accredited investors. Further, non-accredited investors must, either alone or with their purchaser representative(s), have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of the prospective investment or the issuer must reasonably believe that this is the case immediately prior to making any sale. A questionnaire can help the issuer in determining whether an investor may participate in an offering, either as an accredited investor or as a non-accredited investor...