Can I leverage Skype Lync O365 integration for full phone system?

Have O365 enterprise and need new phone system for startup.  Can I leverage Skype for voice account and leverage Lync/ exchange features together?
we are want no on premise environment.
can I do this without Lync server?  if not,  does Lync server exists as a subscription?
Layman's terms please.
thanks in advance!

The equipment needed is at minimum a Lync server (if you use a SIP trunk from an ITSP) otherwise you will also need a voice gateway. The license comes as part of an E4 subscription. 
http://office.microsoft.com/en-us/business/office-365-enterprise-e4-business-software-FX104034562.aspx
Without knowing the requirements and scoping it out properly, based on you saying that it's a home office environment I'd be more inclined to use the ITSP.
If you scroll to the very bottom of the page I've linked to - you will see this: "Lync enterprise voice capabilities require a customer
to purchase and deploy Lync Server, either on-premises or in a hosted data-center, to enhance or replace traditional PBX systems"
If this helped you please click "Vote As Helpful" if it answered your question please click "Mark As Answer"
Georg Thomas | Lync MVP
Blog www.lynced.com.au | Twitter
@georgathomas
Lync Edge Port Check (Beta)

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