Legal Question in Business Law in California

Retention of files

How long must a office keep a clients closed file. We understand anywhere from 6-10 years. Is there a code tthat supports this?


Asked on 1/23/02, 11:27 pm

3 Answers from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Retention of files

what kind of office? what kind of client? what kind of file?

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Answered on 1/23/02, 11:50 pm
Ken Koenen Koenen & Tokunaga, P.C.

Re: Retention of files

Your question is too vague. Tax records must be kept for 3 years, but some for longer.

Real Estate brokers are required to keep files for 3 years.

You need to be more specific.

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Answered on 1/24/02, 1:39 am
Joel Selik www.SelikLaw.com

Re: Retention of files

There is no definate time. It depends on your industry. For tax purposes 7 years is probably satisfactory. There are many different things to consider such as possible lawsuits, future use of the data, storage costs, etc.

Joel Selik

800-894-2889

www.taxworkout.com

www.4thelaw.com

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Answered on 1/24/02, 9:42 am


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