Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. Whatconstraints on investments for new businesses apply here?

• Investors' allowable investment depends on the accredited or non-accredited status.
• Investors may invest a combined $50 million within a 12-month period.
• Investors may invest no more than $1 million combined for the first year of the business.