Now let's discuss why North Carolina is known as both the Tar Heel State and the Old North State. Old North State History In 1629, King Charles I of England erected into a province all the land from Albemarle Sound on the north to the St. John's River on the south, which he directed should be called Carolina.
Recordkeeping Requirements EEOC Regulations require that employers keep all personnel or employment records for one year. If an employee is involuntarily terminated, his/her personnel records must be retained for one year from the date of termination.
1 You are required to keep financial records for a minimum of five years after they are prepared, obtained or the transactions completed (whichever occurs later). 2  Your obligations to keep records for five years continue even if you sell, close, or retire from your business. Your obligations to keep records for five years continue even if you sell, close, or retire from your business. 2  The records need to be in plain English and allow for ease of access should the tax office ever wish to see them.