|Received:||6/26/2006 8:12:31 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have reviewed the proposed legislation and am disturbed at the thought that someone might ever be required to give out my personal information as a reference without my knowledge or consent. I have met other prospective business owners and given them information to contact me with possible questions regarding this business opportunity, however this has been voluntarily given. I furthermore believe that if a prospective business owner is given a credible source of voluntary statements made by previous business owners such as a website address, as our business has, that the prospective business owner has the sole responsibilty in choosing whether or not to proceed with the business. I first started my business sooner than the person whom introduced the opportunity to me could control. I did the research I needed quickly and found the opportunity to be right for myself. I personally do not see the point of forcing a company to slander itself with alleged claims, which may or may not be true. I have never heard of any franchise such as Mcdonalds or Del Taco for example handing out the thousands of claims of food poisoning and coffee burns which may have been filed against the company whether or not the cases proved valid or fraudulent. I do believe that if there was a substantial claim against the entire corporation found valid that the business owners and future business owners should be alerted to the fact upon agreement of purchase of a business. Any company who offers a money back gaurantee on an opportunity such as this would also have the intellegence to enact a corrective action which of course would also need to be passed on to all business owners. There is one more topic which I wish to address. There is a new proposed requirement of a seven day waiting period before a new business owner would be allowed to register new businesses. When any fast food franchise restaurant decides to open why would you not allow them to sell food for seven days? It does not make good business. I would suggest that the said new person be required to be in contact with their registering business owner when starting new business within the first five days. Such as have a requirement that the prospective business owner, the newly registered business owner, and the experienced business owner all have been in contact with each other at the same time. Perhaps when the contract for the prospective business owner is being filled out have a written statement of agreement that all three (owner, new owner, and prospect) are in understanding that the new business owner has given the prospective buyer all information required to proceed with his business. I hope you have found some of my thoughts to be in good standing with your own and possibly even helpful. Thank you for taking the time to read.