| Comment Number: | 522418-00693 |
| Received: | 6/3/2006 8:04:59 PM |
| Organization: | |
| Commenter: | Gordon Siegle |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
There are many things wrong with this bill, and I don't agree with it as structured. My personal information must not be divulged unless I agree to it, for one thing. For another, Independent/franchise business individuals at the lowest levels should not be required to provide information about legal judgements, numbers of signups/cancellations, etc.--that should be available on corporate websites or special call-in lines, etc. We have too much paperwork as it is; if you add more, you'll kill a lot of otherwise viable small business operations. However, I do think a company should be required to divulge guilty judgments against it, as well as actions taken to resolve things. And, companies should be required to state how long they've been in business, how many employees/franchisees they have, and total number of employees/franchisees who have been affiliated more than, say, 5 years.