Money 101

[ricochet8]

I understand and agree with your valid points about keeping the books up anyway so they know how much tax to pay. I also understand (the hard way) about penny stock scams, that being said, my questions are about a penny stock I believe in. So what are we talking about with regards to fees for keeping the books and doing the quarterly filings, $40,000.00 - $50,000.00? I have heard these estimates tossed around from others; do those seem like realistic numbers; they seem a little high to me. I am guessing gross annual sales for this year might be $2.5 million but with substantial increases in future years. The company makes and installs a gizmo.