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Our Partners
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Financial Transparency
VeriHost is committed to financial transparency for several reasons. First, it is essential to
gain not only the public's trust, but the trust of VeriHost members as well. Second, it is
important to understand what the financial obligations of VeriHost are and to publish how
those obligations are fulfilled. VeriHost needs to meet ongoing expenses in order to effectively
operate as a service entity and represent the hosting industry. VeriHost is also committed
and will periodically make available to the members and the public, financial statements
with respect to VeriHost operations. An independent CPA firm as well as internal auditing
procedures monitor and cross-check every aspect of financial data. After, and if operating
expenses are paid in full, the Board of Directors shall decide how to spend net proceeds on
behalf of VeriHost and the web hosting industry at large. The application and annual
membership fee is $150.
Typical $150 per application financial breakdown not including tax:
Revenues: ................................................................................. $150
Expenses:
- CPA management expenses: ................................................ $50
- Independent technical and service verification expenses: ......... $25
- Operating expenses: ........................................................... $75
- Banking fees
- Billing fees
- Advertising fees
- Hosting fees
- Legal fees
- Insurance fees
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