You are mistaken - it doesn't "happen" to be anything. A corporation is an association of natural persons who want to avoid their personal responsibilities for their actions. Therefore they file an act to surrender their rights to the government, in exchange for limited privileges, and to be considered as "individuals" instead of natural persons, and their association as a "legal entity" that is thereupon seen as acting in their place.
It is very common, so it goes unnoticed. But it is literally black magic. It is sorcery. It is the creation, through words, of a fake "person" designed to enable wrongdoers to escape answering for their wrongs (if they should do any).
As such it is literally a deal with the devil. And it is the sole creation of the government, who owns it in its entirety. It has no rights, only privileges granted to it in order to support the needs of the government - not the corporation or its individuals.
People forget ALL of that, but the government does not. And then when the government decides what benefits IT, the people in the corporation try to claim their "rights."
They sold their rights for limited indemnification from suit - the "privilege" of not having to answer for their actions.
Deal with the devil, you're gonna get burned - and it's you're own fault.
That is a far cry from "surrendering your rights to the government."