Don't see how this could make many happy.

Among other requirements is the release of names and addresses of all of your other members / customers / affiliates / associates / whatever you want to call them. You must as a minimum disclose the names and addresses of the 10 closest to the new prospect.

This sort of assumes that those 10 people want their names made public. With all of the spamming / scamming going on, that might not be a correct assumption. Sign up and lose your privacy.....

Many of us are affiliates of some sort of program or another. Those affiliate programs are "business opportunities" and subject to this rule. This thing is all-inclusive. If you offer someone the chance to make money, other than by a regular paycheck, you are subject. And there is no minimal threshold, not even $ 20 or $ 25. Even free, you have to make these disclosures.

This is a late posting on this rule, here on FIB On many forums where it has been discussed, it is overwhelmingly viewed by small business people of all types, and their attorneys, as a disaster. A few have said "I've got nothing to hide.", but thqt is not the point. There will be costs involved. Prices will very likely go up. Catalogs, price sheets, websites, sales literature will all have to be revised - at a cost.

And, considering the governments "nose under the tent" way of getting involved in more and more ways with our lives, this is could be just the start. Keep in mind that this is being proposed by an administration that is not known for being on the side of the small business owner, nor the "common man."

It's hard for me to imagine anyone in business welcoming something like this. It's going to affect Dennis Bevers and K&B. (Sorry Dennis.) Two totally respectable operations, but still covered by the rule. And K&B may have to raise prices as a result.

It's going to cause SMC to release thousands of names and addresses to anyone who inquires about their opportunity. And as I mentioned several times here, I sell a $ 25 "starter kit", that I now won't even be able to give away, without disclosing information.

I don't disagree with the intent, but I do feel like there should be a specific dollar figure involved before it goes into effect. Unlike the Franchise Rule with $ 500, maybe $ 100 would work.

Here is a link to the whole thing. The actual proposed new rule starts on Page 35 of the pdf file, under - Section L - Proposed new rule.