Family Partnership as Accredited Investors

[Keith Meyer]

For those of you out there who are running syndications and screening accredited investors: What would be your accreditation criteria for let's say a family of three people who come to you looking to invest together within an entity (LP, LLC)?

Would each of the three members need to individually meet the accredited investor definition? Could they collectively meet the criteria? What would the verification process look like? I know these types of arrangements are becoming more common, but I've never heard what the official requirements are in order to pass these tests.