| Comment Number: | 522418-11861 |
| Received: | 7/17/2006 4:06:23 PM |
| Organization: | Quixtar, Inc |
| Commenter: | Quentin Jones |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been affiliated with this business for almost 3 years. I'm an IT professional and my wife is a public accountant. Thanks to this business my wife is on the verge of being able to retire from her full-time job and become a stay home mother with plenty of time and money to invest in our children. Once that's accomplish my mother, a Postal Employee will be able retire from her job and then soon after that, our finances will allow me to walk away from my profession. The key issues that I as a successful and legitimate Independent Business Owner affiliated with the Quixtar opportunity are: - The proposed waiting period - List of references - Making different disclosures for every income claim - Requirement to provide prospects with personal financial documents to back up ("substantiate") any income claim . The proposed waiting period would be great for opportunities that DO NOT offer a 100% money back guarantee and would require prospects to sign a low term contractual agreement. Since Quixtar offers a 100% money back guarantee, the prospect can immediately receive their monies back. A waiting period would deter would be clients and new business owners from accessing the website. My wife and I would never have gotten started in this business if we had to wait close to 2 weeks. If I can purchase a car without a waiting period, why shouldn't I be able to start a totally refundable (no depreciation) online business? A person’s right to privacy has to be upheld. If an individual is not comfortable letting another person know that they are involved in a Multi-Level Marketing business then they shouldn’t forced to be identified. I would not want someone whom, I do not know, to have my family’s contact information. The government would be putting my family at risk, unnecessarily. The Quixtar opportunity allows individuals the ability to meet other business owners at scheduled business meetings and events. That should suffice. Due to the nature of the Quixtar business, depending on a person’s time and work effort, their income can be different at each level. Providing a possible income range should suffice. If disclosures are needed, require a simple, standard, easily understood disclosure such as "average monthly gross income for 'active' IBOs." Forcing business owners to disclose personal financial documents to prospects is an invasion of privacy. Outside of tax audits or other existing federal decrees, for non-public businesses, income disclosures should not be mandatory.