| Comment Number: | 522418-08218 |
| Received: | 7/12/2006 2:10:54 PM |
| Organization: | PS Enterprises |
| Commenter: | Sonia Skowronski |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an "active" IBO with Quixtar for about 3 years and have been able to supplement my income as well as have my own business. Throughout the process of buisness ownership it has allowed me to believe that I can own my own business and since have actually started my own Construction business as well. Some of the issues in the FTC Proposal really don't make sense and at least as far as the Quixtar business opportunity is involved would impose an undue burden on the Independent Buisness Owners without providing the benefit you are looking for for the prospective new owners. What benefit is a 7 day waiting period? Even in the construction industry we have a 3 day right of recision but we are actually building something and have hard costs. In the Quixtar buisness there is none of that. The only costs are for product that you actually receive just like going to the store and you don't have a waiting period to get your groceries. References - What about new business owners that have not been in business long? They don't have referrals. This would mean that as a new business owner you would not be able to start your business immediately. Litigation List - If the items on the list have no merit why list them? Who does this anyway? As a contractor I am not obligated to provide a list of everyone in construction that has been involved in litigation. Seems kind of laborious for no reason. Earnings disclosure - Once again in construction I don't have to disclose what I make on each job, why do it here? Again laborious for no reason. Financial substantiation - I don't make my tax return available to anyone why should it be manditory to provide this to prospects? We need to be honest but this is going a little too far. I think all the things that the FTC is doing to make business more secure are excellent, however some of the crazy regulations and stipulations sometimes make even legitimate businesses look shady. We kind of get thrown in with the pack "scams" if you will. Granted there are dishonest people in any industry and in any business; they are also in politics. That doesn't mean we brand them all as scams. Thanks for your time and the ability to submit my input. Sonia Skowronski