What is the difference between company limited by share and company limited by Grantee?

A company limited by shares is a type of corporate structure where the liability of its shareholders is limited to the amount unpaid on their shares, meaning their personal assets are protected from the company's debts. In contrast, a company limited by guarantee does not have shareholders but instead has members who guarantee a nominal amount to be paid if the company is wound up, which limits their financial liability. Companies limited by guarantee are often used for non-profit organizations, while those limited by shares are more common for profit-driven businesses.