What&#39;s the difference between Ordinary, Class A and Class B Shares?
<p>I incorporated my company using an Online service. Not knowingly, I created class A, B and Ordinary shares during the incroporation. However, in the company constitution there are no mention of what differentiate these shares.</p>

<p>Is there a common legal definition for class A, B and Ord shares?</p>

<p>I live in Australia.</p>

<p>Class A and Class B are categories of common stock (also known as ordinary shares). Common stock/ordinary shares are what most investors purchase when they’re investing in the stock market. </p>

<p>The only difference between Class A and Class B is the voting power one receives along with the share. A company that issues multiple levels of stock usually does so to concentrate voting power. Thus, directors, for example, would own Class A shares while Class B shares are sold to the general market. </p>

<p>Sources:</p>

<p><a href="https://www.investopedia.com/ask/answers/062215/what-difference-between-class-shares-and-other-common-shares-companys-stock.asp" rel="nofollow noreferrer">Class A Shares vs. Class B Shares</a></p>

<p><a href="https://www.investopedia.com/terms/o/ordinaryshares.asp" rel="nofollow noreferrer">What Are Ordinary Shares?</a></p>

corporate-law shareholders