The U.S. Federal Trade Commission shows no signs of slowing down its efforts to require biz opp disclosures. By July 2008, franchisers must conform to new requirements related to financial representations, the existence of confidentiality agreements, and franchisee association resources.
Look for these Federal Trade Commission franchise requirements to become the model for “franchise lite” rules to replace the proposed biz opp rule that was strongly opposed last summer by network and Internet marketers.
For more information, check out the Federal Trade Commission Franchise and Business Opportunities web page.
Hat tip to the AP and Forbes.