|Received:||7/13/2006 4:43:15 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Freedom is the reason America exists, isn't it? We ought to be united for good purposes for our common good. Unnecessary regulation has entangled individual activity for several decades. As a youth I set up a table at neighborhood fairs to sell my artwork. As an adult I would surely be required to purchase a permit to do the same "lemonaid stand" kind of sales. Plus there would be government agencies involved somehow I expect. My family has opportunity to develop additional income thru our home-based business. When we present the Quixtar business plan we give our guests a document approved by the federal government which explains the income potential accurately. People can decide then and there or at any time in the future IF they want to join us in business. That document gives ample factual information which can of course be supplemented for those who desire more details. When we make a purchase as large as a kitchen appliance or a car, we have the right to rescind and change our minds after 3 days without penalty. Nothing more extreme than that would be reasonable for someone deciding to participate in a business at a much smaller cost. Please do not prohibit people from doing what they already do all the time: We make decisions on the spot, change our mind within a short time, and then live with the consequences. If I buy a house, that is how it works, isn't it? Why should investing in a small business be more restrictive? Reasonable people expect reasonable methods. Which of us would ever be able to MAKE any decisions if we were forced to study every single detail associated with the matter? What if, for example, the builder had to document each and every delivery of materials, copy me all the invoices, hand me a tally of the number of nails actually used, plus the quantity lost? Who cares??? The interest of the prospective buyer is in the finished product, not the process. Same with a business. No way could we physically document every person's involvement with a business. Nothing works out 100% of the time for everyone who considers or tries it! Life does not come with guarentees, does it? Life is risk management, true. Which is more safe: do I drive a car or fly? People starting a business have the same sort of decisions to make. They should be free to investigate and select the information they require in order to make a decison. Goverment's role is to authenticate information, if and when needed. More rules of dos and don'ts will not encourage free enterprise. Rather detailed forced information will only benefit the attorneys who compile the documents, and the printing companies who get to copy unneeded pages of information. All the privacy literature which doctors and banks, etc. must deliver to their clients each year is a total joke. No one reads those brochures. We have the understanding after the first time it is given to us. Many of our precious resources are wasted by duplicating and mailing out unwanted pages of information. The same would happen if we were to attempt to disclose every possible detail of every person's experience with a business. It simply cannot be done. Nor would the effort be worthwhile. People will find out what they want to know. People will always make decisions they regret. Some people will be dishonest, and there is nothing government can do to stop them. So let people be people without undue regulations and restrictions. Give us minimal rules to follow so we can expand free enterprise and the wealth potential of Americans. Thank You!