Save. Any physical copies of anything related to state or federal matters, including certifications, licenses, or deeds. These are important forms of identification that are typically only valid in their original form and can be a lengthy process to replace. Keeping any proof of warranty for the duration you own the warranted product is essential to insure you receive proper service if the product breaks or malfunctions. A good rule of thumb is, keep anything that would be a hassle to replace causing you to sit on the phone with customer service for hours or go to a government office.
Shred. Tax audits and receipts, home sale, purchase, lease, or improvement documentation should be shredded after 6-7 years. Pay stubs, bank statements, medical bills, and records can be shredded after one year. Everything else, go ahead and shred. To keep your identity safe and secure, shred anything with your name, phone number, address on it, social security number, or banking information on it.
Save. The same rules apply for work as they do at home, if the document is going to be hard to replace, keep it in a safe spot. There are a few extra documents you want to keep an eye out for like union agreements, procedure records, training manuals, bylaws, insurance records, accident reports, claims, legal and important correspondence, copyrights and trademarks, articles or incorporation, and actuarial reports.
Shred. It’s important that for the safety of your business and your employees that you shred employee application forms, ID badges, and records when they leave the business, financial information, branded, damaged or faulty goods, as well as supplier records or information. Some paperwork is best kept for a few years before shredding such as budgets and purchase orders. Use your best judgment.