Create a Basic Retention Schedule in 5 Steps Step one: identify the records you are keeping. Step two: describe your business need for the records. Step three: determine the length of time to keep your records to meet your needs. Step four: assess how your records are disbursed, accessed and stored.
Data retention policies need to consider the data classification and the types of information your organization collects, stores, and handles. Write policies and addendums that prioritize valuable data, specify what types should be retained, and clarify guidelines and timelines associated with each.
A document retention policy is a set of practices adopted by a company to guide how documents, records and other important information are to be stored, saved and destroyed.
How to create a record retention policy Conduct an audit of your data and organize your files. Determine how long you're required to keep certain documents. Explain what and who the policy covers in the scope. Write the body of the policy. Add an appendix to define complex terms.
Ohio's records retention law, ORC 149.351, prohibits the unauthorized removal, destruction, mutilation, transfer, damage, or disposal of any record or part of a record, except as provided by law or under the rules adopted by the records commissions (i.e., pursuant to approved records retention schedules).
Key components of a strong retention policy include precise retention schedules, designated responsibilities, and procedures for secure destruction.
ISO 27001 Data Retention Requirements – 3 years The ISO 27001 compliance framework requires organizations to retain data logs for at least three years.
Pursuant to section 5751.12 of the Revised Code, all records will be maintained for a period of four years from the later of the filing of or the due date of the return covering the period to which the records relate unless the commissioner either consents in writing to their earlier destruction or, by written order, ...
Pursuant to section 5751.12 of the Revised Code, all records will be maintained for a period of four years from the later of the filing of or the due date of the return covering the period to which the records relate unless the commissioner either consents in writing to their earlier destruction or, by written order, ...
Record Retention Schedule for Businesses DocumentRetention Period Contracts and leases (expired) 7 years Correspondence, general 2 years Correspondence, legal and tax related Permanently Deeds, mortgages and bills of sale Permanently36 more rows