Correct answer: Option c) government regulation.

Explanation:

For a corporate form of organization, there is much intervention of the government and the regulations imosed by it. Only if the regulations turn out to be favorable in any manner, then can it be of any advantage otherwise it is a disadvantage. Other than this, double taxation is also a disadvantage for a corporation. Limited liability of shareholders, easy transfer of ownership, going concern, etc are advantages for a corporate form of business.