In Formik Cloud you collect your forms under the umbrella of a project. A project can have any number of forms and users. Each project is associated with a single billing account which all activity within the project is billed to.
An example of how you might think about Projects is that if you were creating a website for a client, The Palmer Group, you might create a Formik Cloud project titled Palmer. In that project you could have two forms, Contact Us and Newsletter Signup. You could add other members of your development team as admins to your project and add the client as a member. Note that these forms do not need to live on the same website.