|Received:||6/30/2006 1:03:52 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am writing in regard to the FTC Rule changes for U.S. business opportunities. Disclosure requirements should help consumers evaluate opportinities, shut down bogus business opportunities, but not be unduly burdensome or harmeful to businesses. The rule should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers as well as providing a reasonable cancellation policy. As an IBO, I believe the seven-day waiting period before a prospect could register would limit my ability to be successful. Also, the rule should not require IBO references be provided to prospects or disclosure to past litigation because as a small businesss owner that would be hard to provide. Also, requiring financial records to be disclosed to prospects would be cumbersome and create undue hardship on my business. This business opportunity is a great opportunity to me and my husband. I am looking to the income from this to assist me in my retirement from public education within the next five years. I have seen many families grow together and work as a team through this busines opportunity. As an older American, I appreciate the opportunity to engage in the free enterprise system at a reasonable cost and with a great support team through the IBO's who are assisting me and the Quixtar infrastructure that assists me in reporting my business activities. Therefore, please take into consideration the hardship that would be placed on ligitimate small business owners, if the rule is too restrictive and cumbersome.