Another option would be easier corporate death — all shares instantly voided.

The government could decide what to do with the company, fold it, or sell it for scraps.

Yes, there might be motivation for the government to “kill” companies for profits, but there is exactly the same (and proved many times!) issue with putting people in prison, so I don’t see why companies should get a special exception, they are “people” as well, or so I’m told.