Electronic Franchise Disclosure and E-Signature Future for Investors

electronic

It’s been discussed allowing midsize businesses to disclose franchise records to the public and prospective franchisees. If the Federal Trade Commission wants to make UFOC information available electronically through email to catch up with the newest technologies then it may get complaints and make up another rule saying no intrusion UFOC maybe routed through email.

That is because the records have gotten really large they add up to what would be considered an email bomb. The franchisors may have to document who emailed them and asked to get information. Yet one cannot record incoming mails, because people use freemail accounts and disguise their individuality, even the Federal Trade Commission can so when phising to get information about franchisor targets they wish to entrap, usually depending on a letter from a lawyer or some fake criticism coming out of a rival concealed as a consumer entrance into the FTC’s website.

 

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And then who is paying to keep it updated and which do you install if there are 1 2 registration states, multiple Canadian Provinces, notification states and the Federal Trade Commission version, all different. And web people last time I checked still usually do not work at no cost yet. So where as it could be theoretically cost effective and rescue trees (less paperwork) it will be more expensive in enhanced IT costs and web services. We now visit the government and the US military using their very own needs and a lot of the who would work for franchisors in this respect work everywhere thus the distribution and requirement for such technological folks is dried up and the price is through the roof. You are creating a rules that will hurt the trees and consumer. This cannot be looked at”costeffective,” although a recent franchise rule making report declared that the more lobbying in modern franchising to be cost effective.

Either you’re for Americatrees, consumers and completely free venture or you are for continuing this mad tact in enacting more inane rules. Whose team may be the Federal Trade Commission Franchising Division on any way, well we know that it is definitely safe to assume they are on the attorneys side, after many are lawyers, aspire to be lawyers or can’t await the afternoon they will move out and move on into a cushy job with a private law firm.

Rules only to generate rules, with no real goal in mind no end to the upcoming rules this will add later on, provides no ending match or solution. Perhaps the Federal Trade Commission wants to fund the rule by paying for every franchisor $37K or their estimated cost to print these records to get your following year or simply the Federal Trade Commission might speak to the IRS to get a tax credit on all investment property in UFOC printing as long as it had been through a bonifide franchised printing shop? Perhaps the Federal Trade Commission may possibly begin a”Shredit” franchise in order that they can recycle all the unused UFOCs, that may now have to be thrown out if this rule is enacted? Maybe they can make a paper me shay tree in the living room to worship as their fresh ancestral god or make it right into xmas Tree and set under it new rules and regulations thereby providing the gift of endless occupation security?

The Federal Trade Commission ought to lead by example and maybe not send mixed messages into force or industry within regulation and minutia piling in legislation laws. Consider it.

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