|Received:||6/27/2006 2:43:06 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Though I agree there needs to be some regulations governing "certain" home-based businesses, that are in actuality, pyramid schemes, I must vigorously oppose to proposed language in your upcoming proposal. As an IBO owner of a quixtar business to impose such restrictions such as the 7 day waiting period, the financial disclosure, references for 10 other IBO's in the area, a list of "all" litigation against quixtar or myself, and income disclosure is way above and beyond requirements a more traditional business must abide by. It is extremely unfair to require legitimate businesses, such as Quixtar.com, to be required to disclose such information to a new business owner especially from the local franchise owner that it will be prohibitive and will most likely cause many new Independent Business owners to simply "give up". Having been a small business owner, in the past, and to have such restrictions such as these placed on me would drive most small businesses out of business for good therefore squwelching those that wish to take advantage of the freedom we have in America to start our own businesses without undue regulations against us from our own government. To what end would these current propositions come to? You will cause many young, and unskilled new business owners to quit before they have a chance to succeed. Where I live, in rural Central Oregon, it would be difficult for anyone I sponsored in the Quixtar business to give out the names of ten other IBO's in the area since there is no "master list" that is available to local business owners. The proposals are so complex that they will drive most new business owners out of business altogether and therefore killing any chance for these people to take their shot at financial freedom, not on the backs of others as so many pyramid schemes do but, by making it so restrictive as to "scare" most new prospects into never starting a small business such as quixtar. To be required to disclose our financial records, and any and all litigation against our business is extremely prejudicial and will cause an uproar as to the constitutionality of such requirements. I do agree there are many unsavory business schemes out there that take advantage of uneducated consumers looking to "get rich" quick and these businesses need regulated but, please don't ruin it for those of us that strive to do business above reproach but, it is no ones business if there is litigation against me or how much money I made last year. Now, it is to my advantage to be successful financially and, if you will look at Quixtar's track record and that of the owners you will be hard pressed to find a better model anywhere in this country as to how to do business right. Thank you for allowing me to "sound off" on this very important issue that stands to affect so many. I trust you will use common sense as you deliberate and put yourself in my shoes and see how you would like being regulated so restrictively.