---
title: Managing Share Classes
description: Creating and managing share classes in Connectworks
---
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1. [Help Center](https://support.connectworks.com/?hsLang=en)
2. [Company Management (Share Management)](https://support.connectworks.com/company-management-share-management?hsLang=en)
3. [SHARE REGISTER](https://support.connectworks.com/company-management-share-management?hsLang=en#share-register)
# Managing Share Classes
## Creating and managing share classes in Connectworks
This article explains how to create and manage share classes. A share class is a group of shares that bestow the same set of rights on their holders. A company can have more than one class of shares with different sets of rights. A share class needs to be created before you’re able to issue shares from that class.
### How to Create a Share Class
1. Navigate to the company's workspace, then to the **Shareholders tab**.
2. Select "**I would like to...**" then "**Create a new class of shares**".
3. Complete the details on the Create class of shares form:
- **Name of class**
- **Type of class** - Select *Ordinary, Preference or Other* from the dropdown, and enter its seniority over other classes (ie. its rank/preference on liquidation - 1st, 2nd, 3rd etc...).
- **Date of Approval**
- **Supporting comments**
4. Complete the Voting rights form:
- **Votes per share**
- **What can be voted on**
- **Can vote on distributions and dividends**
- **Can elect directors**
- **Can vote on changes to the constitution**
- **Can vote on variations in capital**
- **Supporting comments**
**5. Restrictions** - complete any details of restrictions that apply. These can be:
- Restrictions on share transfers
- Restrictions on general rights
- Restrictions on dividends
- Restrictions on distributions
- Other restrictions
**6. Preference** - complete the preferences that apply:
- **Conversion preferences**
- Has conversion rights
- Conversion ratio:
- Supporting comments, notes or description of conversion rights (optional)
- **Liquidation preferences**
- Has liquidation preferences
- Liquidation multiple:
- Supporting comments, notes or description of liquidation rights (optional)
- **Participation rights**
- Has participation rights
- Supporting comments, notes or description of participation rights (optional)
- Has participation cap with multiple:
7. Select **Create** to save the class of shares. You can then select this share class when completing a [share issue](https://support.connectworks.com/5614548-issuing-shares?hsLang=en).
### How to Edit Share Classes
1. Navigate to the company's workspace, then to the **Shareholders>Share Register>Share classes tab.**
2. In the subsequent form, all details relating to the share class can be amended and then saved by selecting the **Update** button in the top right corner.
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