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\nAudit reports  \nBank statements, canceled checks, drafts, credit memos and bank reconciliations  \nBills of lading  \nBusiness license filings  \nCapital stock books  \nChecks, contracts and invoices for purchases or construction of real estate and personal property  \nContracts and leases: expired  \nContracts and leases: still in effect  \nCorporate minute books  \nCorrespondence: general  \nCorrespondence: legal and important matters  \nCredit applications  \nDeal jackets  \nDeeds and mortgages  \nDepreciation schedules  \nDemonstrator agreements  \nDisability and sick benefit records  \nEmployee withholding records and time cards  \nEmployment applications  \nEmployment contracts  \n6 years Permanent  \n10 years  \n6 years  \n6 years Permanent Permanent  \n10 years Permanent Permanent  \n6 years Permanent  \n25 months  \n7 years Permanent Permanent  \n6 years  \n6 years  \n6 years  \n6 years Permanent  \nDocument Time Period  \nFederal Tax Form 970: LIFO election  \nPermanent  \nFederal Tax Form 3115: Application for change in accounting method  \nFinancial statements  \nGeneral ledgers  \nGroup disability reports  \nIncome tax returns  \nIncorporation records/partnership agreements  \nInsurance policies: life  \nOther insurance policies, reports and claims (current)  \nInventories  \nInvoices to customers  \nInvoices from vendors  \nJournal voucher  \nLIFO used car and parts supporting information and reserve calculations  \nOdometer statements  \nPartnership agreements  \nParts: department receiving reports  \nParts: back order forms  \nPayroll register  \nPetty cash summary  \nPetty cash vouchers  \nPrepaid and accrued schedules  \nPermanent  \nPermanent  \nPermanent  \n10 years  \nPermanent  \nPermanent  \nPermanent  \n10 years  \n6 years  \n6 years  \n6 years  \n3 years Permanent  \n7 years Permanent  \n1 year Until filled  \n6 years  \n6 years  \n3 years  \n6 years  \nDocument Time Period  \nPromissory notes: expired 10 years  \nProperty appraisals by outside appraisers  \nPurchase order  \nRepair orders and internals  \nRetirement and pension records  \nSafety and fire inspection reports  \nSalesperson’s commission reports  \nService contracts/extended warranties (expired)  \nSubsidiary ledgers  \nTax returns  \nTax Form 8300  \nTerminated employee file: general  \nTermination of employment and benefits notice  \nTrademark registrations  \nUnderground storage tanks  \nUniform hazardous waste manifests  \nUnemployment compensation files: general  \nWorkers’ compensation files: general (related: see accident reports, correspondence of legal and important matters, and safety and fire inspections)  \nPermanent  \n6 years  \n6 years Permanent  \n10 years  \n6 years  \n7 years  \n6 years  \n6 years  \n6 years  \n6 years  \n6 years  \nPermanent  \nPermanent  \nPermanent  \n6 years from date of award  \n6 years from date of injury  \nBRADY WARE DEALERSHIP ADVISORS  \n[www.bwdealershipadvsiorscom](www.bwdealershipadvsiorscom l 866.502.8555)[ l](www.bwdealershipadvsiorscom l 866.502.8555)[ 866.502.8555](www.bwdealershipadvsiorscom l 866.502.8555)","cbCaikONuITaBQ2z","https://ap.wps.com/l/cbCaikONuITaBQ2z","pdf",64718,"English","# Document Time Periods\n## Record categories and retention periods\n## Permanent retention items and tax-related records","[{\"question\":\"What is the purpose of the Dealership Record Retention Schedule?\",\"answer\":\"It defines retention periods for dealership records and the minimum time they must be kept.\"},{\"question\":\"Which records are listed as permanent retention?\",\"answer\":\"The schedule includes multiple categories marked “Permanent,” such as certain licensing and corporate/legal-related materials, and various tax-related and accounting records.\"},{\"question\":\"How does the schedule handle related records for workers’ compensation?\",\"answer\":\"It notes that workers’ compensation records are related to accident reports, correspondence of legal and important matters, and safety and fire inspections.\"}]","Dealership Record Retention Schedule | PDF",1789815511]