Louisiana Log of Records Retention Requirements
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How to fill out Log Of Records Retention Requirements?
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FAQ
La. R.S. (A)(1). In Louisiana, a "public record" includes books, records, writings, letters, memos, microfilm, and photographs, including copies and other reproductions.
Records Retention Guideline #4: Keep everyday paperwork for 3 yearsMonthly financial statements.Credit card statements.Utility records.Employment applications (for businesses)Medical bills (in case of insurance disputes)
You must keep the following records for 7 years:minutes of board and committee meetings.written communications with shareholders, including emails.resolutions.certificates issued by directors.copies of all financial statements.a record of the assets and liabilities of the company.
You need to keep most records for five years, starting from when you prepared or obtained the records, or completed the transactions (or acts they relate to), whichever is the later. You need to be able to show the ATO your records if they ask for them.
2 years. Retention Note: Prior to disposal, dispatch records shall be appraised by the records management officer for historical value, and those determined by the records management officer to merit retention for historical reasons must be retained PERMANENTLY.
Retention schedules list how long each record series must be kept (the retention period), when the retention period starts (the cut-off), and the proper way to dispose of the record once retention is met (the disposition method).
However, in all instances in which a formal retention schedule has not been executed, such public records shall be preserved and maintained for a period of at least three years from the date on which the public record was made.
Payroll related records should be maintained for at least five calendar years. Agencies are encouraged to review exceptions in existing law or regulations, as well as any federal grant requirements to ensure that any applicable laws, regulations, or grants do not require longer retention periods.
7 years: Any documents, accounts, books, writings, records or other information required to be retained, e.g. notices and minutes of all shareholders' meetings, resolutions passed at meetings and documents made available to holders of securities.
