Rules For Document Retention In San Diego
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Six Key Steps to Developing a Record Retention Policy STEP 1: Identify Types of Records & Media. STEP 2: Identify Business Needs for Records & Appropriate Retention Periods. STEP 3: Addressing Creation, Distribution, Storage & Retrieval of Documents. STEP 4: Destruction of Documents. STEP 5: Documentation & Implementation.
Assign retention labels and archive policies Go to the Microsoft 365 sign-in page. In the message list or the folder pane, right-click the message or folder that you want to assign a policy to, then select Assign policy. Select the retention label or archive policy you want to assign to the message or folder.
On the Data lifecycle management page, click the Retention policies tab, then click New retention policy. In the Name field, give your new retention policy a descriptive name. Choose the type of retention policy: adaptive or static. Decide if you want to retain content, delete it, or both.
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
Generally, the rule of thumb is to keep records for at least six years. This includes records of all your income, expenses, and any other transactions related to your business. There are some records that you need to keep for longer.
Retention rules identify client backup data to be collected into retention sets for long-term retention. Retention rules are designed to help you meet your requirements for the recurring collection of data for long-term retention. They are a combined schedule and template for creating snapshots of active backup data.
