Final answer:
The disadvantage of a corporation related to its structure is double taxation, where both the corporation's earnings and shareholders' dividends are taxed. This can be financially burdensome compared to the tax structure of other business entities. The correct answer is option d.
Step-by-step explanation:
Within the realm of corporate structures, various characteristics come with both advantages and disadvantages. One such characteristic that stands out as a disadvantage for a corporation is double taxation. This occurs because the corporation itself is taxed on its earnings, and then shareholders are also taxed on the dividends they receive. This contrasts with other business structures, such as sole proprietorships or partnerships, where earnings are only taxed as personal income.
While corporations benefit from limited liability, separate legal entity status, and ease of transferring ownership, the burden of double taxation is a significant downside. Shareholders feeling the financial impact of this taxation system may consider it a considerable disadvantage when compared to the single taxation system on business profits found in other business entities.