|Received:||7/12/2006 1:49:19 AM|
|Organization:||Quixtar Independent Business Owner|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I've owned my business for over 10 years. In my opinion, when I was introduced to this business the risks, level of investment and opportunity was fully disclosed. When I share the opportunity with a potential partner, I disclose the information in the same way to give them time to review the material privately and without sales pressure. I am looking for a long term business partnership with someone who will match my level of commitment and work ethic. No part of the registration fee, which averages $200, inures to me. In most instances, between my travel and time I invest more than that getting a new business owner started in their business. Seven day wait period: If upon registering in my business as an independent business owner someone changes their mind and desires to not pursue the opportunity their full registration fee will be refunded. A better idea would be to have a time to rescind in all business applications. This would be similar to the three day rescind period in sales contracts and would provide similar protection against high pressure or unscrupulous operators.