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FTC Proposed Business Opportunity Rule

By January 13, 2007June 19th, 2010Internet Lawyer

On April 5, 2006, the Federal Trade Commission proposed a new Business Opportunity Rule.

In 44 pages , the FTC made it clear that it is heading towards regulating Internet businesses like brick-and-mortar ventures.

Because of the hostile public response, particularly among MLM/network marketing organizations, this proposal has temporarily been shelved while the Federal Trade Commission considers less draconian measures.

It may be years before a final FTC rule is issued but it will come.

Gazing into the crystal ball, one sees Internet businesses becoming as heavily regulated as franchises, the securities industry, and banking.

What does this mean to you?

The FTC already has the power to shut down businesses for violating existing law.

Take an hour to read this book to become acquainted with the Federal Trade Commission and how it works.

After you’ve read it, consult with your legal counsel and take whatever steps are needed to ensure that you’re in full compliance with consumer protection laws.

Mike Young, Esq.

Author Mike Young, Esq.

Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. He's been an entrepreneur since 1988. To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation.

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