2 min read
What the law expects
Keep accounting records that show the company’s transactions and position, statutory registers (members, directors, PSC), and minutes of board and general meetings. Most must be kept for at least six years.
Why it protects you
Failure to keep proper records is itself a route to disqualification. Good records also mean fast, credible answers for an underwriter and a smoother application.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
How long must I keep company records?
Accounting records for at least six years generally, and some longer. Statutory registers are kept for the life of the company.
Can bad records get me in trouble?
Yes. Failing to keep adequate accounting records is a common basis for director disqualification and undermines any finance application.
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Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.