Hi there. I'm currently looking at setting up a web hosting biz. I have of course looked at the different server options, technical support, advertising + sales and other such areas but one question that I still have is about setting up the actual company.

I'm based out of the UK and from what I understand there are three main types of company - Sole Traders, Partnerships and Limited companies. Sole traders and partnerships (from what I can make out on the various government sites) are treated differently to Limited companies in almost every aspect. The question? What are the differences between the different types, and how do they effect operation as a web host? Any other help that you could point me to about the different taxes etc would me greatly appreciated. Never have been able to get my head round so many different taxes