The default beginning for a new campaign within the New World setting, The Colony is an (as yet) unnamed outpost of the old kingdoms within the new lands.
There is not civil government to speak of and a military captain is in technical command of the colony. However, its status as a "neutral" location allows a great many enterprising individual to do as they wish provided they are not overt in their activities. It is not yet a town and as such there are few official taxes and few official businesses except for those matters which the captain directly controls.
Private business is in the hands of individuals, provided they have secured a certification of some kind from the captain. Likewise, mining, farming, fishing, hunting, or treasure seeking all require a "claim" to be filed with the captain.