| Comment Number: | 522418-02475 |
| Received: | 6/15/2006 10:38:53 PM |
| Organization: | Xango |
| Commenter: | Marsha Sullivan |
| State: | TN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
For about 25 years the FTC's Franchise Rule covered only those opportunities that required a buyer to make a payment of at least $500 within the first six months of operation. The April 12 2006 proposed Rule completely eliminates this $500 exemption! Please Reinstate this Exemption. In 1979, to justify the reasonable $500 exemption, the FTC wisely said: "When the required investment to purchase a business opportunity is comparatively small, prospective purchasers face a relatively small financial risk." Please help HALT the FTC rulemaking Process that will drastically inhibit our precious domestic freedom to participate in direct selling opportunities