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Can I offer contests that involve referral bonuses in Tennessee? What are the requirements?

Based on the documents provided, it appears that offering contests that involve referral bonuses in Tennessee is not explicitly addressed. However, there are some regulations that may be relevant to your situation.

According to TNCO 47-25-803, no promoter shall sell, offer for sale, or otherwise publish or distribute any coupon without a prior contract or agreement in writing with the coupon sponsor. The contract shall set forth all terms and conditions under which coupons obligating the sponsor may be published, distributed, or sold. It is important to note that the promoter shall not represent, either directly or by implication, that the number of coupons presented to the sponsor for redemption will be less than the total number of coupons printed, sold, or distributed, or make any promises or representation inconsistent with or contrary to the terms of the written contract between the promoter and sponsor [2.1].

Additionally, organizations seeking State Matching Funds for tourism promotion in Tennessee must submit proof of their non-profit status and provide a roster of their membership. Organizations must also submit a marketing plan and budget projections for the fiscal year, as well as an annual report of their activities conducted by an independent public accountant registered with the Tennessee State Board of Accountancy. Bylaws of the organization must also be submitted, which require that the organization operates under generally accepted good business practices [5.2].

It is recommended that you consult with a legal professional to ensure that your contest complies with all applicable laws and regulations.

Source(s):
Jurisdiction

Tennessee