The closest you can get is templates. A blank document template with just styles setup does the job.
The text box thing is huge. I wouldn't be able to work in Word without knowing that.
Edit: Link! https://templates.office.com/en-US/Blank-and-General
Woah, good tip! As I write more specifications and reports for management I'm using Word more, and there's a dearth of good advice online for getting decent results (it's drowned in Google by the "how to type a document" kind of guides).
Many times I've wished to write HTML and have it formatted like Word, as my styles go haywire.
Talking of styles, I'm surprised there's not a Syle interchange format for Style Sets - Microsoft's online resources don't have any to download. I was looking for a Latex-equivalent default template.