To be prepared if your business is audited or inspected by the government, and to make sure your business is compliant with federal and state laws, it’s essential to know:
- what documents you need to keep, and
- how long to keep them.
The NFIB Small Business Legal Center’s Guide to Developing a DRP: Creating Your Document Retention Policy will explain what a document retention policy is, why you need one, and the steps to creating one.