Final answer:
Remote service businesses should maintain records for at least seven years, as recommended by the IRS and other regulatory guidelines, but the exact duration can vary depending on local laws and industry standards.
Step-by-step explanation:
The duration for which remote service businesses should maintain records can vary based on local laws, industry standards, and the specific type of records. Typically, it is recommended that financial records, contracts, employee documents, and tax-related documents be kept for a minimum of seven years. This time frame aligns with the Internal Revenue Service's (IRS) guidelines in the United States and ensures that businesses can provide necessary documentation if audited or if legal issues arise. Some records might have to be retained longer due to specific regulatory requirements or industry practices. Therefore, it's critical for remote service businesses to be aware of and comply with their jurisdiction's record-keeping regulations.