Are you sure everything is 115v? What about your clothes dryer, hot water heater, cooktop & oven?
Your electrical panel should have (2) incoming "hot" phases, which are color coded black, red, or blue, then a neutral which is white, and finally the frame of the panel should be earthed with a 6' copperclad rod via a bare copper conductor.
Each of the hot phases referenced to the neutral is 115v. Referenced to each other they are 230v.
To do a 230v outlet requires, at minimum, both hot phases and an earth conductor. Possibly both hot phases, a neutral, and an earth (some older clothes dryers require this.)
You'd need to add a 2 pole (one pole for each hot phase) circuit breaker to your panel, of whatever capacity is recommended for the welding machine, then run 3c (2 phases + earth) or 4c (2 phases + earth + neutral) cable of an appropriate size, as per the NEC to a dedicated outlet for the welding machine.
If you're not a licensed electrician, you should consider hiring one to do this work, to ensure your own safety and that of your family.