Available in Sage 50 Accountant Edition.

Choosing an Ownership Structure in the New Company Setup Wizard

You can select a company and industry type for new companies in all Sage 50 Accounting editions .

The ownership structure that you select in the New Company Setup Wizard determines how your equity accounts are created.

If you select:	Sage 50 Accounting creates:
Sole Proprietorship (one owner)	owner's equity accounts for one owner
Partnership (two or more owners)	owner's equity accounts for two owners
Incorporated Company (owned by shareholders)	shareholder's equity accounts