Buyers Need To Know Their Business Opportunity Laws
. State's have this statute allows buyers that are dissatisfied and have not receive this information and those that have been defrauded in some way to bring a lawsuit in state court against the seller.
A well-known authority on business opportunity laws, Mr. Caffey, an attorney in Washington, DC, points out that victims of business opportunity companies are granted essential rights under most state laws.
Buyers of business opportunity packages must be careful when making these types of investment decisions. If a disclosure document is made available, be sure to read it very carefully. If you are in states without a business opportunity statute, you should check with-other states that do have such a statute. Check with state agencies for the company's registration record. Your community's Better Business Bureau (BBB) is also a good resource.
Federal and state business opportunity laws sometimes leaves the impression that these business are highly regulated, but they are not. In the ungregulated and sometimes shaddy world of business oppertunties you should not assume there is widspread compliance to these laws. Remeber in the business opertunities communiity, buyers should always be Beware.
Protect Yourself:
Before buying any business opportunity?
Make Sure You Read: Whenou are given a disclosure paper or are asked to sign any legally binding contract, make sure first read it carefully and then take it to your family attorney or financial guru for them to revue.
Keep Cool: Buying into a "pipe-drea of easy money" is always a big mistake. The old saying, there are no free lunches always holds true. It is always recommended contacting recent buyers of the opportunity. And make sure you inquire into if they are completly satisfied with their business investment? The old expression is still helpful: If it looks too good to be true, it probably is.
Investigate The Seller: Make sure that you completely check-out the company your considering doing business with. Check and see if your state has a business opportunity statute, after that contact the state's officials in this department to check on the company's registration statusm and inquire if the company has any complaints on file. Make sure you do the same with your local BBB.
Getting everything document and in writing:. If you are given any promises of delivery, guarantees of satisfaction, money-back guarantees, or the like, make sure you have the company send a letter of confirmation.
Make Sure That You Negotiate: You should be very careful about laying out large sums of money based on future deliveries of your supplies and equipment,even if you know the seller. Negotiating the terms of purchase is always a good idea; For Example: A great stagey is to insist that at least 50% of your overall payment is deferred until you are completely delivered. Experienced buyers will always insist that their attorney place the funds in escrow until the deal is completed.
Be Agressive: Make sure if you have a grievance of any kind that you first take it up with the company before hiring an attorney; like any business owner, business opportunity sellers do not want unhappy customers to muddy their waters. Make sure that you put your complaint or request in written form, keep a copy and then send the request via regestered mail, and make sure you requesting a return reciept. Consulting an attorney is highly recommended if you get no response. And then if you feel you have been defrauded in any way, contact Federal or State authorities .
Reference Terms From: Truth in Vending:
Copyright (c) 2009 Jimmy Ingram
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