Commercial Co-ventures

Commercial Co-ventures. (A) A Commercial Co-venturer engaging in a charitable sales promotion is required to file with the Secretary of State an online notice of the promotion no less than seven (7) days prior to the start of said promotion. Such notice must include a copy of the contract between the Co-venturer and the Charitable Organization. (B) The Secretary of State also requires a Commercial Co-venturer to file an online financial accounting of the charitable sales promotion no later than thirty (30) days after the conclusion of said promotion, if the charitable sales promotion is less than one (1) year. If the promotion period is greater than one (1) year, the Commercial Co-Venture shall file an annual online financial accounting each year of the charitable sales promotion no later than thirty (30) days after the anniversary date of the first notice of promotion filing, and shall file a final financial accounting of the charitable sales promotion no later than thirty (30) days after the conclusion of said promotion. The online accounting, annual accounting or final accounting shall include the following: (1) The number of units of goods or services sold in Mississippi; (2) The amount of gross sales in Mississippi; (3) The amount of those gross sales paid by the Co-venturer to the Charitable Organization; and (4) In the case of a multi-state, national or international campaign, the percentage of total sales in Mississippi paid to the charity. (C) It shall be a violation of the Mississippi Regulation of Charitable Solicitations Act for a Commercial Co-venturer to perform any services on behalf of an unregistered charitable organization.