TL;DR
The (rare) Libertarians that understand Natural Law also understand this process. What they want is to prevent or roll-back the change from a landowning company to a landowning corporation.
Which means that they want to break the larger, complex corporation up into lots of very small, simple companies which can be governed by whoever is the strongest within that company. (Incorporating disperses power from the strongest people to the weaker.) Effectively a monarchical "Kleinstaaterei" or a sort of tribal landscape, a form of ownership that tends to quickly get crushed by any neighboring corporation, just as smaller corporations tend to get crushed by larger ones. (As the Prussians "united" Germany, and then United Germany attempted to "unite" all of Europe... twice. Arguably thrice, if you consider the EU the third attempt).
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