|Received:||6/29/2006 7:07:34 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I have been Independent Business Owners, associated with Quixtar for several years now. Overall, we have made a positive income through this business and believe that our lives in general have been affected in a positive way through our association with Quixtar. We would like to see a few things changed regarding the impending rules that the FTC is contemplating: Please eliminate the 7 day waiting period for businesses that initially cost less than $500. This business has a very low barrier to entry because of it’s very low initial cost (approx. $50) and is based to a large degree upon referrals from other people. In order to grow the business fast, we need the ability to involve people quickly, to show quick results and this rule would severely limit this part of our business. Please eliminate the 10 references rule. Our business has many public references already from charities, CEO’s of publicly traded companies, etc. When prospective business owners go to group events, they meet many other existing business owners who provide them with feedback on the state of their businesses. Because of these reasons, this rule is unnecessary. Please eliminate the litigation list requirement. In our suit-happy society, frivolous lawsuits are brought every day, with or without merit. Should General Motors dealers be required to provide such a list to all of their prospective customers? Not only would this list be long and exhaustive, but would also be subject to misleading information: frivolous suits, etc. Thanks for your time and open door!