Comment Number: 522418-10541
Received: 7/16/2006 5:05:10 PM
Organization: Team/ Quixtar
Commenter: William Vuillemot
State: MI
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To Whom It May Concern: I am concerned about the proposed B.O.R. My wife and I joined the business in October of '05, and we have been very satisfied. No outlandish claims were made to get us to join, and everything our sponsor claimed has been true. We are excited about growing and expanding our business; we love the people, the products, and the educational materials, and we are eager to share our new business with others. As written, the BOR would stifle our business. It creates an extremely negative tone, and would scare away any prospective independent business owner. We are careful to explain to new prospects, how the business works, that it is NOT a get-rich-quick scheme, and it takes an INVESTMENT of time and money before break-even point occurs, and profit is realized. However, that is true of any business, and the up-front and ongoing costs of our business are extremely low compared to traditional opportunities, especially when considering the possible return on investment. We would support efforts to create a level playing field, such as requiring clear, simple and standardized income disclosures which apply to all direct sellers. We are also in favor of providing a reasonable cancellation policy. We are strongly opposed to the 7-day waiting period; it would kill our business (imagine being told you had to wait 7 days before buying a car, or appliance). For the same reasons, requiring disclosure of past litigation, or references, should be omitted from any new legislation. Financial records should not be required; it would be an invasion of privacy, and no other business has to provid that type of information to prospective customers or clients. We appreciate your consideration of these comments. Sincerely, W.C. Vuillemot, D.D.S.