Document Retention

Started by RichardG8 • 1 replies • 1799 views

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RichardG8 (Florida)
Posts: 2

Posted:

What documents do you need to keep and how long do you need to keep them. Our HOA is 15 years old and we have
to downsize our records but aren't sure what needs to be kept or for how long. We are in PA. Any help would be
greatly appreciated.

TimB4 (Tennessee)
Posts: 21,059

Posted:

Richard,

This is a very similar question to one you posted earlier. Therefore, make sure you check both for answers:
http://www.hoatalk.com/Forum/tabid/55/forumid/1/postid/109685/view/topic/Default.aspx

Most of this will be in within your State laws:

PA Uniformed Planned Community Act - 5316. Association records

PA Uniform Condominium Act - 3316. Association records

PA Corporate law may apply as well (if you are incorporated).

Here are some recommendations located via internet search:

Quick Books Record Retention Table

Bankrate.com What financial records to keep and how long to keep them

IRS website - Recordkeeping

Hope this helps,

Tim

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