Record Keeping 101: Information Your Small Business Should Keep | New

One of the most important administrative responsibilities small business owners face is keeping accurate and up-to-date records. Not only is it essential for assessing opportunities and risks that can affect your business’ profitability and growth potential, but it is also necessary for ensuring legal and regulatory compliance.

No matter what type of business you run, record keeping is part of the territory. Certain types of documentation and information are required for all businesses and others may or may not be necessary depending on your industry.

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