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Originally Posted by VeriSexy
That didn't make much sense to me, I am confused  From the thread title, I thought someone got some jail time  |
Well not exactly jail time, but certainly a serious time or resources commitment. The five years in fact is if the company or partnership is disolved. If it is an ongoing business then it says:
Each record shall be maintained for seven years from the date of creation or last amendment or addition.
If you are a solo webmaster that means for the next
7 years you have to be at your place of business or have an employee there 20+hours per week!
What if your fortunes take a downturn two years from the last time you submitted an image? What if you want to get out of the business, and fold up shop? Doesn't matter - you are still forced/sentenced to 20+ hours/week.