Help me understand if squarespace offers webhosting please.

Hello. 

Im quite new to this but i try my best. 

I have my website "Petersenspizza.dk" and i have Buisness Plan and my domain is registered at godaddy. 

I think i just read that Squarespace offers web hosting, which means i dont have to contact and buy hosting somewhere else right? But did i get web hosting when i bought the Buisness Plan, which means i can launch my website anytime? 

Also i should be able to tranfser my domain to squarespace from godaddy and have everything together in my squarespace? Like domain and web hosting? Since i pay a small amount of money to godaddy, would it be "free" for me to have it here instead?

Thanks for your help. 🙂

Wow thats good to know i was about to buy hosting elsewhere.. 

Thanks alot!