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Business Opportunity Buyers Have State Rights

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Published: 16Nov2009
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There is a well-known authority on business opportunity laws, Mr. Caffey,an attorney in DC, he stresses victims of business opportunity companies are granted essential rights under most state laws. There has to be a full, pre-sale disclosure document attached that outlines the "cooling-off period" after the sale is made, most state's have a statute that allow dissatisfied buyers that have not receive this information or that have been defrauded in some way to bring a lawsuit against the seller in their state court. Business opportunity laws also will allow the buyer to be completely reimburse their court costs and their attorney's costs, so there are several built-in paths to pursue the manufacturers/sellers/distributors that violate the state's business opportunity 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.

It is always wise to make sure you do not forget, federal and state business opportunity laws sometimes will give the impression that this is a regulated form of business, because it is 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: You should never buy into the dream of easy profits. Remember there are FREE lunches. Always make sure you contact a few of the company's current buyers. 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.

Make Sure You Get Everything 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: you could suggest fifty-percent of your payment be deferred until delivery is complete. A savevy buyer will insist that the entire purchase price is placed in escrow with an attorney until delivery is complete.

Be Agressive: When there is a grievance, take it up with the seller before taking legal action; 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. If you get no response, consult a lawyer immediately. And then if you feel you have been defrauded in any way, contact Federal or State authorities .

Reference Terms From: Truth in Vending:

Mr. Ingram has authored 20-books on his business successes and solutions; his business career started when he and his business partner created and operated 25-bookstores after selling the bookstores they turned to the food and beverage business by creating 12-restaurants/nightclubs/2-large vending routes/vending management company & consulting company, you can download several of his books free on these subjects at http://www.vendingforprofit.net

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