| Comment Number: | 522418-08310 |
| Received: | 7/12/2006 4:04:04 PM |
| Organization: | Lia Sophia |
| Commenter: | Karie Smith |
| State: | NM |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam: I am VERY concerned about the proposed Rule R511993. My concerns are as follows: -In its present form this ruling could prevent me from continuing and growing my business. The waiting period gives the impression that there might be something wrong with our company or compensation plan. I am currently working part-time with Lia Sophia and full time at my regular job. Lia Sophia has given me the opportunity to put money aside for my children’s college education. The 7 day waiting period is far too long and unnecessary. Our company's start up cost is a mere $99 and is 90% refundable! The added record keeping with this will also be excessive. -All lawsuits, regardless of outcome, need to be reported whether the company is at fault or not. Finally with today's identity theft issues, I do not wish to make known the identity of 10 purchasers nearest to the prospective purchaser. It will also be time consuming and can deplete the new person's enthusiasm...which is key to getting a good start. -I appreciate what the FTC does, but this new rule the way it is written is burdensome and there are surely better ways to solve the issues that a very, very small amount of people have caused. There are million of direct sales people in this country and to punish the greater majority for the sins of a few seems a bit over board. Most direct sales companies are founded on high principles and ethics and generally take care of the ones 'breaking the rules'. This ruling will negatively affect millions of people the way it is written today. Most people thinking about starting with a direct sales company do their own due diligence and when that is done, we know they'll be pleased with what they find out about lia sophia. Thank for your time in considering my comments! Karie Smith