| Comment Number: | 522418-06098 |
| Received: | 7/5/2006 12:58:03 PM |
| Organization: | TTD UNLIMITED |
| Commenter: | DALE FREEZE |
| State: | SC |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an owner of a business that offers business opportunity to other people, I am certainly interested in your regulation of such endeavors. I believe and support the requirement of reasonable and appropriate disclosures of any business opportunity to allow anyone to make wise and careful decisions. The ability for Americans to operate businesses has been and hopefully will always be available in our country. Any regulation should help create an atmosphere in business that allows such businesses as mine to provide income disclosures that are clear, simple and certainly standardized as they apply to direct sellers and so as to not become overburdensome to me as a small business owner. I certainly favor reasonable cancellation policies for anyone who chooses to venture out into the type of business that I operate. There are some issues that I strongly oppose. First, I believe it is inappropriate to require a 7-day waiting period before a propect could register and begin his or her business. Nor do I believe that it should be a requirement that financial records be disclosed to prospects. Finally, I do not believe the requirement for disclosure of other business owner references or of past litigations are necessary. I appreciate the protections we all receive through FTC regulation and will always welcome reasonable controls. Please do not initiate regulations that will greatly complicate the function of small business owners like myself by activating regulations that establish procedures as those opposed above. They would only serve to harm our economy and defeat the operation of more and more small businesses. Thank you for the opportunity to make the above comments. D. Freeze