Final answer:
A third party may need to see corporate records during tax audits, when considering a business partnership, or in the event of legal disputes or investigations. Although corporate records contain confidential information, disclosure can be necessary for transparency and legal compliance.
Step-by-step explanation:
A third party might want to see corporate records or minute books in several circumstances, beyond just during tax audits. For example, if the third party is considering entering into a business partnership, they will need to review the company's records to assess the business's health and operations. Additionally, minute books and other records may need to be disclosed in case of legal disputes or investigations, where evidence pertaining to the operations and decisions of the business is required.
Corporate records contain personal, financial, and sometimes medical information depending on the nature of the business, which are usually considered confidential. However, the need for transparency and accountability can require that such information be shared with authorized third parties under specific circumstances. Governments and businesses alike must balance the need for confidentiality with requirements for disclosure, particularly regarding matters of legal compliance or national security.
It is incorrect to assume that corporate records are never accessible by third parties, as there are legitimate scenarios where access to these documents is necessary and legally permitted.