Cause Marketing Compliance: What Businesses and Nonprofits Should Know breaks down state requirements for commercial co-ventures, marketing campaigns that involve sharing revenue from a business activity with a charitable organization.
LANCASTER, Pa. (PRWEB) November 18, 2019
Today Harbor Compliance released a free white paper to help businesses and nonprofits conduct successful cause marketing campaigns.
Cause Marketing Compliance: What Businesses and Nonprofits Should Know breaks down state requirements for commercial co-ventures, marketing campaigns that involve sharing revenue from a business activity with a charitable organization. These campaigns have proven popular with businesses and consumers alike, presenting fun and engaging opportunities to support worthy causes. Yet co-venturers are often unaware of state requirements for cause partnerships. For example:
- 6 states require commercial co-venture licenses
- 2 states require surety bonds
- 14 states require contract filing
- 6 states require financial reports
- 10 states require specific language in co-venture contracts
Cause Marketing Compliance provides a comprehensive overview of these requirements nationwide along with best practices for meeting them. Requirements for both business and nonprofit partners are covered in the white paper, which can be downloaded on the Harbor Compliance website.
“Compliance is more than a legal requirement,” said Harbor Compliance Director of Nonprofit Partnerships Sharon Cody. “It’s also an important trust factor that can encourage higher donation and engagement levels. Details such as being fully registered and including disclosure statements on campaign materials can reassure donors that their donations will make a difference. This white paper provides the information businesses and nonprofits need to safeguard their campaigns and ensure a lasting, positive impact.”
Nonprofits are also encouraged to download Charitable Solicitation Compliance, a free white paper on state fundraising requirements produced in partnership with the National Council of Nonprofits.
To learn more, get in touch with Harbor Compliance or call 1-888-995-5895.
About Harbor Compliance
Founded by a team of licensing specialists and technology trailblazers, Harbor Compliance empowers businesses and nonprofits with licensing, tax, and entity management solutions. Through a unique combination of dynamic data, advanced compliance software, and expert service options, the company helps organizations thrive and grow through every phase of the corporate lifecycle. The company’s headquarters are located at 1830 Colonial Village Lane, Lancaster, Pennsylvania. To learn more, visit http://www.harborcompliance.com, or call 1-888-995-5895.