Use a combination meter socket and disconnect that also has room for 4 to 8 circuit breakers in it. Makes it easier to run power to outside things such as a well head, or an outside A/C unit, or a 30 or so amp feed to a small shed you might also put up, less wires to run inside.
If you plan to power the house from the same meter, you will want to install a 320/400 amp meter socket and dual disconnects on the shop, running one disconnect to the shop panel, the other to the house (assuming the house will have a 200 amp panel and no larger)
Make sure that the power company does not intend to charge you commercial rates since the building is not a residence. Some localities do not allow two meters on a parcel of property for fear that you will have an illegal business there, and the POCO will want to charge commercial rates because it "looks like a business". Some have hard and fast policies, while some leave it to the discretion of the people in the local power company office that set up the account as they see fit, based on the situation.
Charles