Hi sweetkymom - yes you did spell the name correctly
Coleus is an extremely versatile plant with many, many different varieties to choose from and although mostly grown as annual - due to the fact that it is not at all hardy and can very quickly meet an untimely demise when exposed to cold temperatures - it can in some climates be grown as a perennial and an indoor plant.
It does however do best when grown outside during the summer months and then overwintered inside during the colder months. All varieties whether inside or out require well drained fairly moisture retentive soil - but the light requirements will vary dependent on the variety - as not all varieties fair too well in full sun and some need to be placed in a bright but shady spot.