| Comment Number: | 522418-08764 |
| Received: | 7/13/2006 12:43:06 PM |
| Organization: | RBR Enterprises |
| Commenter: | Richard Roach |
| State: | MS |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been affiliated with Quixtar.com since 2000. My goals with my business have been to increase and diversity my income. During the past year, I have had to divert my attention to restoring my property which was destroyed by Hurricane Katrina. However, I am now ready to turn my attention back to my Qiuxtar Enterprise. In studying the proposed rules by FTC, I have several concerns. Time is our most valuable asset, and to spend seven days "in limbo" before you can register a business partner does not make sense. Also, the idea of furnishing references of other people in the businesss might lead to losing your prospects to others. Also, I do not want my personal information out there for strangers to access. I take time in presenting my business, and these two rules would make it difficult for me, and would undoubtedly discourage others from getting in business. As to financial disclosures, I furnish my prospects with average and very conservative returns they can expect for their investment in time and money. To furnish further details would be impossible because I don't have access to other people's financial records. Nor would I want mine to be given out to others. The legal concerns can be addressed by going to the Better Business Bureau. I definitely feel that the cost of getting in such a business should be reasonable, and affordable, which mine is. A person can register for about $130.00, which is refundable if they are not satisfied. I also feel that the practice of paying bonuses to people for registering new people should be banned. Bonuses should be paid on goods and services that are actually sold and distributed.