Some 25 years after the advent of LLCs, the SEC has proposed officially adding them to the list of entities that may qualify as “accredited investors” under Regulation D (see here at 45). Better late than never.
LLCs: Better Late than Never
Bill Sjostrom, LLCs: Better Late than Never, Truth on the Market (October 09, 2007), https://truthonthemarket.com/2007/10/09/llcs-better-late-than-never/
