For Payments setup, which "type of business" should I choose?

This article helps you answer the following question during Payments setup: 

If you filed documentation to register your business with a government agency

Your business type is likely to be a registered business, and your business structure depends on the specific documents you filed.

However, if you have incorporated your legal entity and are a registered nonprofit or charity, your business type is likely to be a nonprofit organization.

If you haven't filed paperwork to register as a business entity

Your business type is likely to be individual or unregistered business, and you won't need to select a business structure.