After a business closes down, is it required to keep records?

After a business closes down, is it required to keep records?
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I’ve been wondering that myself. I worked at Borders on and off for 10 years. Now that they are out of business, I often wonder what I’d have to do when writing a resume. What address and phone number would I put down for contact? How long will they keep the records of my being there? I’ll be watching this question.
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