I've had older versions of this before. I need it for home paper storage. I can fit about 30-40 hanging file folders in it and about that many file folders so as not to weigh it down to much. I think the hinges need to be a little sturdier and this may not be viable for long term use. I use it for about 1-2 years and then swap out because the plastic wears down.
I have been treasurer of a number of small "not for profits". This little file tote is the perfect size to maintain financial records for a church group scouting group social group band booster or little league team. It is sturdy enough to last several years and supports standard hanging folders. There is a convenient little box for a checkbook built into the lid.
This file holds letter size documents not legal size which makes it ideal. Lid has handy size compartment for writing instruments or small documents which is a nice touch.