|Received:||7/16/2006 10:54:37 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I became IBO's( Independent Business Owners) in the year of 1994 with the then Amway Corporation and now the Altacor Corporation. At that time, we were informed totally in regards to the nature of this business, received all the guidelines to achieve our goals and still to this day continue to be tutored as we need the informattion and guidelines. The Independent Business concept that we show to other potential business owner is always shown with the enphasis that there is work involved. It is not a get rich quick scheme. Enphasis is always placed on the premise that the Independent Business requires time and effort. The profitability is commensurate with that basic principle of time and effort. The 7-day waiting period that the FTC wants to place would be a major hindrance to the development of ones business. Many times the initial period for an IBO is the first few weeks of his or her new venture. In regards to providing a litigation list, I do not feel that the reputation and credibility of the DeVos and VanAndel family along with the Quixtar, Inc. need to be litigated. On the subject of Income, The business plan presented to any individual who wishes to see it, the income structure is shown to them. I personally do not feel that I have to divulge what my earnings or anyone elses for that matter. The amount of income accrued by an IBO is solely based as I said before upon the time and effort one puts into it. In regards to the subject category: Business Opportunity Rule(R5119930), I sincerely ask that it not be changed.