|Received:||6/6/2006 1:08:08 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Re: The FTC's Business Opportunity Rule R511993 Please help HALT the Rule R511993 which is misleadingly entitled "The Business Opportunity Rule." It is designed to dampen the enthusiasm of new prospects considering multilevel business opportunities. There are many valid, honest MLM businesses out there that are helping to put food on people's tables. This should not be discouraged especially at a time when so many people cannot find any other work! What are we doing to our people? We tell them not to mooch off of gov't. money. We tell them to get a job. We take their jobs away and give them to other states or countries. And now you want to give them so much paper work and requirements, making it almost too difficult to be worth their bother! For about 25 years the FTC's Franchise Rule covered only those opportunities that required a buyer to make a payment of at $500 within the first six months of operation. The FTC stated that "When the required investment to purchase a business opportunity is comparatively small, prospective purchasers face a relatatively small financial risk."The April 12, 2006 proposed rule completely eliminates this $500 exemption! Why is this? It seems to me that someone is just out to make life difficult for those who are honestly trying to make a living. Please help us!!!!!!!! Stop Rule R511993! Help us save our businesses and help us feed our families. Thank you.