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HOW LONG SHOULD RECORDS BE RETAINED

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HOW LONG SHOULD RECORDS BE RETAINED

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    1. HOW LONG SHOULD RECORDS BE RETAINED?

    2. Skarlatos & Zonarich LLP 2 SHORT ANSWER: It varies.

    3. Skarlatos & Zonarich LLP 3 LONG ANSWER: Depends on Law Example: Fact Sheet #21: Recordkeeping Requirements under the Fair Labor Standards Act (FLSA) (See Appendix 3)

    4. Skarlatos & Zonarich LLP 4 WHEN DOES TIME START RUNNING?

    5. Skarlatos & Zonarich LLP 5 HISTORIC DIFFERENCE Statutory/Regulation Recordkeeping Mandates Establishing Compliance

    6. Skarlatos & Zonarich LLP 6 RECORDS ABOUT THE EMPLOYMENT STORY

    7. Skarlatos & Zonarich LLP 7 Application Information General Rule Retain at least one year

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