SharePoint is available as a standalone service, or you can get it as part of an Office 365 plan that includes Office applications, business-class email, online meetings, and other services.
The features needed for small and mid-sized businesses to succeed comes under the SharePoint Plan 1 and the elaboration is as follows:
Modern Team Sites
Provide a place for your team to create and collaborate on content in real time.
Share contents with stakeholders and collaborators external to your organization.
Centrally manage diverse content with rich metadata, workflow, and access controls.
Create company and departmental portals to communicate with and engage employees.
Navigate your SharePoint intranet and team sites with the SharePoint App for Windows, iOS, and Android.
SharePoint 2013 Workflow
Use workflows to simplify and enforce business rules.
Discover content and people across your intranet and team sites.
For a detailed list of features available with each plan, see the SharePoint Online Service Description.
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