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I understand you'd like to use your OLSB (Office Live Small Business) domain at Office 365.
To figure this out, we can transfer our domain from OLSB (Office Live Small Business ) to Office 365. In addition, we can also transfer our website and e-mails from OLSB to Office 365.
We need to do all these transitions in a sequence. We backup our OLSB data at first, then we recreate our website at Office 365; then we remove our OLSB domain and add it at Office 365; at last we import our OLSB data to Office 365.
Here is the detailed guide: Move your email and website to Office 365 (US/English).
Here is also another good resource for your reference, you can watch this video and finish all the transfer domain steps by following this video.
If you have any additional questions, please feel free to post them in the forum.
I'm writing to follow up my previous reply. Did my above information help you? In addition, do you need any further assistance?