| Comment Number: | 522418-10866 |
| Received: | 7/16/2006 11:26:00 PM |
| Organization: | lia sophia |
| Commenter: | Carolyn Hall |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir, Because of my concern, I am writing this letter re the proposed Business Opportunity Rule R511993.. I believe that in its present form, it would be very burdensome for me and would totally disrupt and possibly devastate my lia sophia business. I have been a lia sophia advisor since July 1987. It has been a great business opportunity for me and I have built a sales team of advisors and was able to quit a full time job as well as get my husband thru a cut-back at his job and then early retirement. This opportunity has allowed me to be in business for myself but not by myself. What other business can you get started in for a $149 investment and not have to worry about overhead, inventory, warehousing, packing, shipping, payroll and on and on. My husband died in 2002 and there is no doubt in my mind that lia sophia has been the answer to getting me thru both emotionally and financially. We were able to purchase a new home, several cars and have a comfortable amount of money in a savings account because of building a business with lia sophia. We also have taken vacation we would never have dreamed of taking. I would like the chance to continue a simple way to offer this business opportunity to anyone who is interested. I do not understand a 7 day waiting period to enroll new advisors. lia sophia's kit is only $149 and they have a 12-month policy that they will buy back all items in the kit at 90% should an advisor change her mind after starting...so the only thing they would lose would be 10% of the $149 as a re-stocking charge. The proposed rule also calls for the release of any info regarding lawsuits involving unfair or deceptive practices. Today a companjy can be sued for almost anything and unless lia sophia is found guilty I don't see any reason to divulge info that is not pertinent. Disclosures of min. of 10 prior purchasers nearest to the prospective purchaser is also cumbersome. With identity theft running rampant, I would feel uncomfortable giving out personal info of individuals to strangers and I don't think they would appreciate that either. I appreciate the work that the FTC does to protect consumers, yet I believe this proposed new rule has many unintended consequences and there could be alternatives available to achieving your goals. I am now a widow and am solely dependent on my income from lia sophia and thank you for your time in considering my comments. Respectfully, Carolyn Hall