We continue recent investigations into the problem of reasoning about typicality. We do so in the framework of Propositional Typicality Logic (PTL), which is obtained by enriching classical propositional logic with a typicality operator and characterized by a preferential semantics à la KLM. In this paper we study different notions of entailment for PTL. We take as a starting point the notion of Rational Closure defined for KLM-style conditionals. We show that the additional expressivity of PTL results in different versions of Rational Closure for PTL — versions that are equivalent with respect to the conditional language originally proposed by KLM.