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Could you elaborate on what these privileges are? Because the obvious ones that come to mind are limited liability, which has some limitations and regulation regarding group formation, and tax advantages for nonprofits, which come with restrictions on governance, actions, and even speech -- 501(c)(3) organizations are largely prohibited from political action in favor of candidates.
Because "the combined group has more resources" is true, but seems pro-egalitarian: pooling resources allows larger expenditures (TV ads! Blimps!) that would only otherwise be accessible to the Musks and Bezoses of the world.
They don't have to serve in the military or importantly, to pay the same kind of taxes. Those seem pretty big.
The taxes, are different, although the people that make up corporations are still responsible for their own taxes and serving in the military. The Defense Production Act allows the President to require businesses to accept and prioritize contracts for "critical and strategic" goods, which is at least related.
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