An Account in InvestNext represents the legal entity that is making the investment in one or more of your projects. Common Account types include Individuals, LLCs, Self Directed IRAs, Trusts, and more.
While most investors create an Account as part of the Commitment Process for an Investment, there are times when sponsors may need to create an Account on behalf of their investor.
To create an Account for your investor, follow these steps:
Step-by-Step Instructions:
STEP 1. Navigate to Contacts and select the Contact you will be creating the Account for:
Note: If the Contact is not yet in your portal, please use this article to add the Contact.
STEP 2. Select the '+' icon next to Accounts section:
STEP 3. Complete the required information within the form (marked with a red asterisk*).
Step 4. Click on the 'Create Account' button, at the bottom of the form:
NOTE: Be sure to select the 'Default Payment Type' from the drop-down menu. This will determine whether Distribution Payments are being sent to this Account through InvestNext's Payments or outside of it. You can read more about the options available HERE.
The Account is now set up!