Hmm, certainly with this uproar of scams or really the MLM
stuff.
I have some ideas on howt o regulate them!
I think the authority should made it compulsory for MLM conpany
to
advertise their balance sheet at least once a year hor ...
or if the MLM company don't have budget for newspaper
advertisement, it should at least put their balance sheet on their
website..
even if its not obligated to advertise their balance sheet, the
compensation plan must include their balance sheet.
and of course it has to be .sg domain .
On top of that they should be audited twice instead of the yearly
accounting period.
And also. their license has to be renewed every year, and we have
officer from CAD/DSAS to visit the company on adhoc basis to find
out what the company is doing and also see how the company runs and
of course, we can have MLM companies to pay more tax for renewing
their MLM licenses
And also, the authority should sand box them in one area, just like
factory work in JTC or car workshop in Sin Ming Autocare or AMK
Autocare.
Sandbox them in ...
Once sandbox, we can expect a crowd there. therefore
We can have more tables and coffeeshops nearby for them to do their
rapport or they call Meeting before meeting or they use the
coffeshop as an excuse to say it has nice food nearby..etc then
after that tell them to go to the MLM company.
And also i will propose a few taxi stand there for the member to
talk "Keng" plan till midnight and let our cabbbie drive you home
sweet home. The cabbie uncle will be overjoy.
Now i am looking which office building should i sandbox them?
Somewhere near the outside city area perhaps?
This should create a public trust for the general public don't you
think so???