If you don't want to bother about the creation & maintenance of your SharePoint infrastructure but still wish to leverage its benefits, SharePoint Online is a great choice. SharePoint Online is a component of Office 365 and is hosted in the cloud.
While the benefits of SharePoint Online are attractive, you have to be aware of how it is different from a SharePoint On-Premise deployment. Here are a bunch of articles that talk about the differences -
- MSDN: Comparison of SharePoint Online Features and SharePoint Server Features
- Technet: SharePoint feature availability across Office 365 plans
- Sand-boxed Solution Restrictions in SharePoint Online
work in progress...
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