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DOCUMENTS TO KEEP
SUGGESTED RETENTION PERIODS |
Settled accident claims...............................7 years
Bank Statements and Reconciliations...........9 years
Canceled checks for standard transactions....7 years
Canceled checks for key payments (taxes,
purchases of property, special
contracts).................................................permanent
Contracts and leases in effect..................... permanent
Corporate minute books for directors and
stockholders............................................ permanent
Business correspondence...........................3 years
Capital stock and bond records...................permanent
Deeds, mortgages and bills of sale..............permanent
Employee personnel records (after
termination)..............................................3 years
Employment applications...........................3 years
General and private ledgers........................permanent
Insurance policies (expired)........................3 years
Invoices from vendors.................................7 years
Property record.........................................permanent
Tax returns, worksheets and related
documents..............................................permanent
Time books...............................................7 years
Trademark registrations.............................permanent