Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can I use social media to fundraise in Michigan? What are the requirements?
Using Social Media for Fundraising in Michigan
Michigan law allows individuals to use social media to fundraise for their business or personal needs. However, there are certain requirements that must be met to ensure compliance with the law.
Requirements for Fundraising on Social Media
- Register with the Michigan Department of Attorney General: If you plan to use social media to fundraise, you must register with the Michigan Department of Attorney General [4].
- Disclose Information: You must disclose certain information to potential donors, including the purpose of the fundraising, the intended use of the funds, and any fees or costs associated with the fundraising [4].
- Comply with Tax Laws: You must comply with all applicable tax laws, including registering for sales tax if you are selling goods or services [4].
- Comply with Advertising and Disclaimer Rules: If you plan to advertise your fundraising on social media, you must comply with advertising and disclaimer rules set forth by the Federal Election Commission [3].
Conclusion
In summary, you can use social media to fundraise in Michigan, but you must register with the Michigan Department of Attorney General, disclose certain information to potential donors, comply with tax laws, and comply with advertising and disclaimer rules.
Source(s):
Jurisdiction
Michigan