First things first. You will need a Paypal account for this portion of the training.
Don't have one? You Create your Paypal Business account following these steps at the below link:
To upgrade your current PayPal Personal Account to a Business or Premier Account:
Go to https://www.paypal.com/UPGRADE and log in to your PayPal account
Click the Upgrade Now button at the bottom of the page.
The next page will allow you to choose a personal Premier Account or a Business Account. Simply select which type of account you would like, and click the Continue button.
If you have selected a Business Account, you will be asked to enter your Business Information and click Submit.
Note: PayPal Business Accounts allow you to conduct transactions under a company or group name, whereas Premier Accounts allow you to conduct transactions under your personal name. The fees and features for Premier and Business Accounts are the same. Whatever account you choose, all transaction records and history from your Personal Account will be retained in the upgraded account. (it is ok if you do not have a EIN for your business as you can still file as a Sole proprietor at the end of the year. Simply enter all your business information excluding your EIN)
I will go over getting your business LLC or INC based on my experience and will share my tips for doing so efficiently and most cost effectively, in the Week 5 Bonus training.