A corporation can refuse to produce business records that might subject the firm to criminal prosecution.

Corporation

A legal entity that is separate from its owners, with rights and liabilities distinct from those of its shareholders, and the ability to enter into contracts, acquire assets, and conduct business.

Criminal Prosecution

The legal process in which an individual or entity is charged and brought to trial for alleged violations of criminal law.

Business Records

Documents that provide a detailed account of a company's financial transactions, operations, and other activities necessary for effective management and compliance.