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and now we will see the results and consequences of choosing a specific company type when you create your QuickBooks file choosing a company type determines what owners equity accounts will be put in the chart of accounts when QuickBooks automatically makes your chart of accounts for you when you create the file it will determine what federal tax form your company will file or at least be matched to in the QuickBooks file and you can change the company tax form in the my company window anytime you need to the equity accounts that QuickBooks put in the chart of accounts will not change but you can edit those accounts very easily yourself the way we learned in previous videos when you first create your new company file in QuickBooks you soon come to this window where it asks for your business name and of course when we choose industry in the videos that I made choose other none so that QuickBooks does not put a chart of accounts for you and you can put it