When you buy a VPS server for your business, you have root access to your portion of the server. In fact, that is one of the primary reasons why many businesses prefer the VPS. The VPS has its own operating system to which you get administration access It gives you the features of a dedicated server without the high costs. You have the liberty to configure the server any way you like to suit your business.
You can install any software applications that you find useful for your website/websites. However, you have to consider the limitations on resources like space, RAM, CPU of your VPS package. You have to check with your provider's TOS for any specific clauses they may have put up as restrictions.
Generally, you are prohibited from installing pirated software, child pornography, spamming activities, hate campaigns, warez sites and any other material that is considered as illegal by law. VPS gives your business privacy and independence so you are safe from getting blacklisted or banned due to any illegal activities of any neighboring website.
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