If you run a business opportunity business, you might be interested in the new proposed rules that the Federal Trade Commission is considering. It is important for you of course to protect your interests and advise the FTC where they are so sadly mistaken or where they are absolutely correct in their assumptions. This helps streamline the implementation of rules and regulations, which you will have to live with in the future. Speak now or forever hold your peace as they say. The FTC States in their public announcement; The Commission invites interested parties to submit data, views, and arguments on the proposed Business Opportunity Rule and, specifically, on the questions set forth in Section K of this notice. The comment period will remain open until June 16, 2006. To the extent practicable, all comments will be available on the public record and placed on the Commissions website: http://www.ftc.gov/os/publiccomments.htm After the close of the comment period, the record will remain open until July 7, 2006, for rebuttal comments. If necessary, the Commission also will hold hearings with cross-examination and post-hearing rebuttal submissions, as specified in Section 18(c) of the FTC Act, 15 U.S.C. 57a(c). Parties who request a hearing must file a comment in response to this notice and a statement explaining why they believe a hearing is warranted, how they would participate in a hearing, and a summary of their expected testimony, on or before June 16, 2006. Parties testifying at a hearing may be subject to cross-examination. You can submit your comments to the via electronic system in a word file from your computer or mail in your response, but you should now that there appear to be restrictions and additional disclosure rules that will soon apply to your Biz Op in the future and thus you need to know what those are going to be. Additionally if you have a problem with any of the Blob of Bureaucracys proposals for changes you need to have your voice heard because some of this legislation could in fact shut your company down or cost you so much in legal fees to comply that you cannot remain profitable. So consider all this in 2006. |
