Royal colonies were founded under a royal charter. Their governor and colonial council were appointed by the king of England. Such charters provided for a representative assembly and support for the Church of England. Corporate charters, on the other hand, were granted by the king to a company of investors. The management of a corporate colony was up to the directors and shareholders of the company.
Corporate colonies were ran by joint stocks thus allowing investors to have a vote on how they would like the colony to be ran. Royal colonies were under the direct order of the monarchy (King+Queen).
Madison argued that the Constitution didn't need a Bill of Rights, that it would create a "parchment barrier" that limited the rights of the people, as opposed to protecting them.
