| Comment Number: | 522418-09660 |
| Received: | 7/14/2006 10:13:32 PM |
| Organization: | Mauger & Associates |
| Commenter: | Paul W. Mauger |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I would like to comment on your proposal to establish a rule to protect prospective business owners. 1.I do not support a seven day waiting period before someone could register their business. I personally offer a 100% money back guarantee if they are not satisfied and see no reason to hold someone back from getting started properly and quickly. 2.I do not support providing names, addresses, and telephone numbers of 10 other business associates, seven days before registering. I do not appreciate someone distributing my personal information to others and would not want to do that to my business partners. Nor do I want to take the chance of turning my prospect over to someone else. 3.I do not support disclosing lawsuits, claims, or arbitrations. Some cannot be substantiated and why would I want to plant that negative into a prospective business partner when I don't do business that way and have no control over it? In todays information network, if they want to research that trash, they will on their own. Besides, only the legitimate businesses would abide by it anyway. 4.I do support disclosure of income claim. What's wrong with wording such as "average monthly gross income is $___" on literature? 5.I do not support proposal of providing personal financial documents to back up claims. My income is private. I don't ask them what theirs is. I wouldn't think you would ask the FTC Director what his is before you would decide to take a job. If the FTC, IRS, or some other state, local, or federal legitimate agency request that information from me, then I would fully disclose whatever they want to know. I have nothing to hide nor am I one to inflate what I actually make. As an independent business owner, I actually appreciate what you do to monitor and control legitimate businesses. Thank you for providing this opportunity to comment on your proposal.