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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.

Is there a common legal definition for class A, B and Ord shares?

I live in Australia.

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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.

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.

Sources:

Class A Shares vs. Class B Shares

What Are Ordinary Shares?

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    Thanks for the reply. Just found out that in Australia, class A and class B stock definition are not defined by law. Its up to the company to define it in their constitution – user1034912 Sep 2 at 4:51

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