|Received:||7/17/2006 6:54:53 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an independent business owner with Quixtar for four years now. The FTC is in search of helping consumers be well informed about business opportunity which I applaud. The challenge is that I believe there are a few problems in the proposal that penalizes Quixtar independent business owners and other honest entrepreneurs in building a legitimate business. Problem #1: I disagree with the seven day waiting period before they can register. Quixtar already has an opportunity where prospects can get their money back if they are not fully satisfied with the business opportunity. Solution: Eliminate seven day waiting period. Problem #2: I disagree with the list of "references" 7 days before the prospect registers. I wouldn't want my personal information of name, address, and phone number given out to complete strangers. I have a family to protect. If I don't want my information on a reference sheet by all means, I would not want anyone else in having to do that. Solution: Eliminate that we have to provide references. Problem #3: I disagree with that we have to provide all lawsuits, arbitrations, and other legal claims for the past 10 years involving Quixtar no matter if whether or not the accusation was true to our prospects. This rule would open up honest, legitimate companies like Quixtar to false accusations. Solution: Eliminate rule to disclose past litigation to Prospects. Problem #4: I also disagree that I would now have to make a different disclosure for every income claim. Solution: Do a simple understandable disclosure such as "average gross income for 'active' independent business owners. Problem #5: I disagree with requiring business owners to provide potential prospects with personal financial information to back up any income claim. Solution: Independent business owners should not have to show personal financial documents except when required by FTC and other state agencies in any investigation. Thank you for listening to the concerns of an independent business owner who is building their business with honesty and integrity.