|Received:||7/13/2006 11:20:12 PM|
|Organization:||Pre-Paid Legal Services Independent Associate|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:The proposed rule may have good intentions; however, it seems the FTC would like for any network marketer to give potential business partners every single reason NOT to get started in their own based business. Many people have big dreams. Some of those people see network marketing as a chance for them to achieve those dreams, and they should. The reason there are so many complaints and lawsuits against legitimate network marketing companies is due to a lack of effort by the very person filing the complaint or lawsuit. In my experience, most people whom join to do the business, never do a single thing to get their business started. They never do a single presentation, go to a single meeting, or read a single book. These are the same people who say it didn't work. How many people get their real estate license but never make a dime? How many small business owners fail in their first year? In their first 5 years? The rule that is proposed is simply outside of the scope of what the FTC should be doing to protect the American people. Illegitimate companies should be prosecuted, earnings claims should be true and well documented, and even successful lawsuits against the company should be available. What the FTC is suggesting is going to put a serious kink in our economy. Home based business and small business are what this country thrives on. Please, for the sake of entrepreneurs everywhere and for the sake of well being of this country, reconsider and rewrite the proposed rule. Changes are necessary, but the rule as it is stated will be absolutely devastating to hundreds of thousands, if not millions, of people.