If you are setting up analytics account for your website you will have to understand the basic account structure.
In a single analytics account you can create up to 50 properties and within each property, you can set up to 25 views.
The basic thing you need to understand is you can not move historical data from one account to other.
For understanding more about analytics account structure read this: Example account structure
See the original question: https://productforums.google.com/forum/#!topic/tag-manager/NuWZTmniUZw;context-place=forum/tag-manager