Sunday, July 02, 2006

URGENT: Action Required. Pass this on and ACT today!

Letter to the FTC!

Have you written your letters to your Represntatives in Washington and to the FTC yet? This new FTC regulation could be the biggest boondoogle from our Government since the prohobition in the 20s. I am dead serious.

Under this new Rule, several oppressive and burdensome requirements will be initiated for both companies and Distributors alike. In fact, under this Rule it will be easier to buy a hand gun or assault rifle.

Here a few of the items this new regulation contains:

  • Create new definitions of “business opportunity,” “business assistance” and “earnings claim,” creating broad language to encompass many common business practices.

  • Require that a detailed “disclosure statement” be given at least seven days before any prospective purchaser signs a contract or makes payment to the business assistance provider.

  • Require that the business opportunity “disclosure statement” include information such as previous lawsuits, the number of previous purchasers who have canceled within two years and a list of “references” i.e., purchasers of the opportunity in the previous three years.

  • Require business opportunity sellers who make earnings claims to provide an additional “Earnings Claim Statement” to prospective purchasers, which would include extensive audited earnings disclosures that would need to be frequently updated.

    We only have until July 17th to let the Federal Trade Commission hear the voice of the millions of direct sellers who have a stake in the future of this profession.

    It is the voice of the distributors that will have the greatest impact as they learn how women and men with families are counting on the additional income their part or full-time businesses provide. The FTC must hear from you - the individuals putting their children through college, saving for retirement, reducing their consumer debt and providing a better quality of life for their families. They especially need to hear from those of you who are full-time direct sellers so they understand that this as the viable profession we all know it to be. Take a stand - July 17th is almost here!

    To view the complete ruling (approximately 117 pages) of the Business Opportunity Rule, click here to visit the related page on the web site of the Federal Trade Commission.

    Click here for a sample letter that is provided to serve as a guideline to create a dynamic, personal response. The FTC will accept comments only through July 17, 2006; thus, this is a time-sensitive issue. PLEASE ACT TODAY!

  • No comments: