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.

Choosing an Ownership Structure in the New Company Setup Wizard

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