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Can I offer a freemium version of my product or service in Florida? What are the requirements?
Here is the response to your query:
Offering a Freemium Version of a Product or Service in Florida
There are no specific regulations in Florida that prohibit offering a freemium version of a product or service. However, if the freemium version includes any promotional activities, it must comply with the rules outlined in the Florida Value-Added Promotions Program [1.1][1.2][1.3].
Additionally, if the product or service being offered is a security, then the registration requirements of the Florida Securities and Investor Protection Act must be complied with [2.1][3.1][3.2].
If the product or service being offered is a car-sharing service, a peer-to-peer car-sharing program, or a motor vehicle rental company, then registration with the Florida Department of Revenue as a dealer is required for the purposes of remitting the rental car surcharge [4.1].
Conclusion
In summary, there are no specific regulations in Florida that prohibit offering a freemium version of a product or service. However, if the freemium version includes any promotional activities, it must comply with the rules outlined in the Florida Value-Added Promotions Program. Additionally, if the product or service being offered is a security, then the registration requirements of the Florida Securities and Investor Protection Act must be complied with. If the product or service being offered is a car-sharing service, a peer-to-peer car-sharing program, or a motor vehicle rental company, then registration with the Florida Department of Revenue as a dealer is required for the purposes of remitting the rental car surcharge.
Source(s):
- [1.1] Product Eligibility
- [2.1] Offer of Securities Prior to Registration
- [3.1] Offer of Securities Prior to Registration
- [1.2] Proof of Performance; Claim for Payment
- [4.1] Registration
- [1.3] Performance Requirements
- [3.2] Advertising and Sales Literature
Jurisdiction
Florida