Is it just my ignorance - or is this all much simpler in the UK? I think we just have Sole Trade -> Private Limited -> Public Limited and not much other variat

Is it just my ignorance - or is this all much simpler in the UK? I think we just have Sole Trade -> Private Limited -> Public Limited and not much other variation. Generally anyone starting up will have the choice between Sole Trade (you are personally liable for the companies debts) and Private Limited (you are not personally liable, but have more regulations to abide by such as you have to submit accounts to Companies House.)