Legal Question in Business Law in Arizona
Retaining Records
When a corporation decides to go out of business, not via bankruptcy, what business or tax or accunting records must it legally keep and for how long after closure of the business?
Asked on 5/28/02, 6:25 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Retaining Records
Federal law requires maintenance of records related to taxation for 5 years.
Answered on 5/29/02, 11:00 am
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