Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hi - my name is XXXXX XXXXX I'm a Business litigation attorney here to assist you.
The California Board of Equalization requires that business records be kept for at least 4 years. However, many businesses retain records for up to 6 years due to certain statutes of limitation in the Uniform Commercial Code.
However, the only requirement is 4 years: http://www.boe.ca.gov/sutax/faqrec.htm#4
EDD sent me an audit letter for my business. I don't have 2008 check stubs and some of the first part of 2009 anymore and they want records from 2008-2011. I don't have employees and haven't for some time, but I am being audited anyway ( work out of my home). Am I in trouble for not having these?