Hi Ians,
Just some personal suggestions from my side:
- For functions/usage of each Office apps, the Office suite from Office 365 Home and Office 365 Business are the same. Both of them can get latest features of Office suite. Both of them can be installed on 5 computers/Mac devices and have 1 TB cloud storage.
Note: Actually, there is another Office suite plan in Office 365 for Business. It's Office 365 ProPlus plan.
- The main difference is between Office 365 for Business and Office 365 Home. Office 365 for Business is a large cloud services platform. Office 365 Business or Office 365 ProPlus is just the Office applications service in it. If you want to purchase plan for an organization/company which needs Exchange Online, SharePoint Online or other services, you need to choose Office 365 for Business. If just want to use the Office suite itself. They are not very different in daily use.
- Office 365 Home has an operation that we canshare it with 4 people. However, Office 365 Business needs one user one license. It means it's not legal to share Office 365 Business license to another user.
A short summary is: If you just want to use Office yourself and also want to share it with your family or other people,Office 365 home should be better. If you want to purchase plan for a company/organization, Office 365 for Business plan is better.
Best regards,
Tim