"Once you've created the new account, you can proceed to the Create Community page (http://www.livejournal.com/community/settings.bml?mode=create), where you can convert the new account into a community. You will need to be logged in (http://www.livejournal.com/login.bml). Enter the username and password for the account you want to convert to a community. Designating your personal account as the community's maintainer account will allow you to change nearly any of the community's settings while you're still logged in as yourself."
This sounds confusing, and could be interpreted as the person needing to be logged in as the community when trying to make that journal a community. Perhaps change it to say this:
"Once you've created the new account, you can proceed to the Create Community page (http://www.livejournal.com/community/settings.bml?mode=create), where you can convert the new account into a community. You will need to be logged in as the account that will become the community maintainer (http://www.livejournal.com/login.bml). At the Create Community page, under the "Community Account" section, enter the username and password for the account you want to convert to a community. You can change most of the community's settings while you're logged in as the community maintainer.