[THJr]

Not the person you originally applied to, but in my opinion this is most likely because corporations used to be extremely restricted in other aspects. Corporations were limited to operations listed in the charter they applied for and often could be immediately dismantled if they were found to be doing anything in violation of the law.

This mostly changed due to 'corporate personhood', the idea that corporations should have the same rights as people.

This article goes in to a lot of how this has lead to corporate abuses of power:

https://repository.uchastings.edu/hastings_law_journal/vol41...

This one's an easier read, but basically an editorial on the one above:

https://reclaimdemocracy.org/corporate-accountability-histor...