As you can see here the difference between the free version and the licensed are the use of unlimited layers (4 only in the free version), unlimited events in all your project (100 in the free version), subfolders (in the object tab, when you are sorting the object of the project out, you can store them in useful subfolders) and finaly you can make money with a standard and business license whereas the free edition does not allow you to make money out of your games.
You should check the tutorial about licenses.