What are the implications of enabling Personal Vaults after setting up Team account

@wildsalmon: Without knowing specifically what you mean by "implications" (that sounds pretty ominous to me!) I can tell you that this simply makes it possible for you to create "local", non-Teams/Families vaults. By default this is disabled if you choose to setup 1Password using a 1Password Account from the outset, since it can be confusing to have a vault that doesn't show up in the web interface or on your other devices (without you expressly syncing it).

I hope this helps. Be sure to let me know if you have any other questions! :)