Similarly, skilled workers will still find that their labor is more efficient when they work together. And with scale comes the need for sales, administration, and all the other components which make up a company as we know it today.
I assume by "we" lacking imagination you mean humanity as a whole, and that just isn't true - we have lots of imaginative people who have attempted lots of different ways to arrange an economy, with varying degrees of success. We've tried flavors of state-run enterprise (from "crown corporations" here in Canada all the way to full collectivization in leftist and fascism in rightist systems) plus voluntary co-ops like kibbutz or communes. Not to mention publicly traded vs privately held corporations.
Humanity has the imagination and often has had the pleasure of "experimenting" with various methods.
But it isn't entirely one-sided. A laborer is not legally responsible or liable for the legal or financial decisions a company makes. Their relationship is much clearer: do X work and get Y pay, as agreed (and hopefully labor law gets involved when that agreement is breached or contested. Hopefully.)
Meanwhile a (co-)owner is more liable and subject to enforcement than an employee. That owner may (let's be honest, will) make much more profit than a laborer if a company is successful. But will also be much poorer if that company fails. The owners declare bankruptcy while the laborer still has their salary and just looks for a new job.
It's the risk-reward balance in action, codified in how we organize our businesses.
It's also an assumption that the worst case for an owner is to declare bankruptcy. Depending on the jurisdiction, they may be financially responsible for losses and debts; face civil or criminal charges for their role in the downfall; and reputational damage which prevents them from meaningful employment that someone else would get.
It's far from ideal, sure. But it also isn't as black-and-white as you assert.
I'm genuinely curious, what better idea are you referring to that would replace the concept of companies?