New Trends in Trade Shows/Exhibits/Expo and Sponsorships/UBIT

At our recent Meeting Management Education Council meeting, the group had a lively discussion on sponsorships & UBIT (Unrelated Business Income Tax) and new trends for trade shows. Here are some of the takeaways:

Sponsorship

• First and Foremost - always consult your legal and tax personnel for more details and advice. The information provided below was taken from our meeting and is not meant to be used as tax or legal advice.
  
• Some of the big changes with UBIT relate to ads - the words marketing, advertising, ads, advertisements make the sponsorship dollars taxable, need to acknowledge sponsors instead of advertise for them - use words like sponsorship recognition, alternated recognition (instead of rotating ad), etc. in your sponsorship programs
• Sponsorship Q&A Article from Moore, Costello & Hart
• Create more opportunities for sponsors - conference and association apps are popular right now, some of our members have paid $6,000 and up to have a professional app created, free app builders are available too, like ibuildapp.com and guidebook.com.
  

New Trade Show Trends

• Open format with exhibitors around the perimeter; food, big sponsors and sessions in the middle
  
• Provide a session for exhibitors to train them how to make most of experience (benefit if register early, at event or prior add-on)
• Beer & Wine Tour to check out all areas of the trade show floor (have drawings, tastings, etc.)