Shred at Your Own Risk: Why Some Papers Are Worth Keeping

Keeping proper company records is a legal requirement under the Companies Act 71 of 2008. These records track important details about directors, shareholders, financial statements, and key decisions. Good record-keeping helps businesses stay compliant, manage finances, and avoid legal or tax problems. Poor records can lead to fines, penalties, and even the deregistration of a company. Keeping documents organised protects the business and ensures smooth operations.