The corporation is a major tool of collaboration. It is also a major instrument of wealth concentration that has over time taken sovereignty from nations. Corporations began as state chartered entities to carry out specific purposes for a specific period of time, say 20 years. The slow evolution of corporations into "persons" is the result of courts, not of legislation. Corporations, especially the largest, have a big impact on the regulatory and tax environment. Some advocate bringing corporations back under social charters and imposing directions and limitations, such as executive pay, on their operations.  All corporations still function through state charters, but the form is  now permissive rather than proscriptive.

It is obvious that a complex society needs something like the corporate form, but as a creature of society it should be part of a larger effort to improve the wellbeing of everybody.

In Wealth of Nations, Adam Smith makes thirteen references to corporations: all negative. Because he sees freedom in markets and corporations as organized to try to control markets.

Note that markets and corporations are opposed, not harmonious, principles.

The Hayekian view that social planning is bad and hence government should be limited, is never applied to corporations, despite the fact that they are much more powerful mechanisms of control and planning than governments.