Follow the steps to sign in to or create an Open Collective account This is the account for the individual who is the host admin. So use your own name, not the organzation's name.
Create an Organization
Open your user menu and click '+' next to 'My Organizations'.
Once your Organization is created, go to settings > fiscal hosting and click 'Activate as Host'.
You will then see fiscal host settings, such as whether you want to be open to applications from Collectives, your host fee, etc.
Go to 'Receiving Money'
Activate a method for people to give money to your Collectives, either credit cards (via Stripe) and/or bank transfers.
Create a Collective This will be the page for the first project/group/budget you will be hosting. Open your user menu and click the + next to 'my Collectives'. Choose the 'for any community' option. (Detailed instructions here)
Add a host
Either click the 'start accepting contributions' button on the Collective page, or go to settings : fiscal host.
Select "use your own host"
Type of host entity: Select individual if you will be using your personal accounts, or select organization if you'll be representing a company or incorporated entity.
Select an organization: Choose "create organization" and enter the details.
Activate your Stripe or Bank account Click the "connect Stripe" button. Create a Stripe account, or log into your existing account by clicking "sign in" in the upper right corner. And/or input your bank account details to accept payments by bank transfer.
Your host will now be active.
Go to your Collective's page, click on the gear next to your logo, head to the Fiscal Host and select Use your own host. Follow the steps from there to create your host and connect your Stripe account.
If you want to create a Collective, follow the same steps as above, except instead of selecting "create organization", select the existing Organization you'd like to use from the drop down menu.