The Partnership Limited by Shares (PLS) is a commercial organization regulated in Article 207 of the General Law of Commercial Companies (Mexico). It is composed of investor partners and partners who handle business management.

If you want to know how this structure works in Mexico, keep reading this post. Here you’ll find 20 examples of a Partnership Limited by Shares—from large corporations to mid-sized businesses.

20 Examples of a Partnership Limited by Shares in Mexico: How It Works

What distinguishes a Partnership Limited by Shares?

What distinguishes the Partnership Limited by Shares is that its capital is divided into shares and it has two types of partners:

• General partners: they take on the company’s management and have unlimited liability with their personal assets.

• Limited partners: they risk only what they contribute through shares.

Companies under this legal form use the formal abbreviation PLS. in their company name. Check out the examples we show you in the following section. 

20 Examples of a Partnership Limited by Shares in Mexico

Below are 20 examples of a Partnership Limited by Shares organized by category:

Large corporations in Mexico

The Partnership Limited by Shares is not very common among large corporations in Mexico. Most opt for structures that are more suitable for listing on the stock exchange, such as a Publicly Listed Corporation with Variable Capital.

However, here are several stock-market companies as comparative examples, since they share the feature of capital divided into shares:

1. Grupo Aeroportuario del Sureste (ASUR)

One of Mexico’s most important airport groups. It is dedicated to the administration, operation, and development of airports in the southern and southeastern regions of the country.

Its operation reflects that airport management lies with the executive group while investment comes from shareholders who contribute capital.

2. Grupo Aeroportuario del Pacífico (GAP)

This group has administered airports in western Mexico since 1998. It also has a presence in domestic business and tourist destinations. It currently trades on the Mexican Stock Exchange.

3. Grupo Aeroportuario del Centro Norte (OMA)

It operates and develops several airports in northern and central Mexico. Its model combines operational management with financing from shareholders who do not intervene in day-to-day management.

4. FEMSA

A leading beverage and retail conglomerate founded in 1890. Known for owning OXXO and for bottling Coca-Cola in much of Latin America. It also participates in the healthcare sector and other strategic businesses internationally.

5. Grupo Televisa

One of the main references in entertainment and media in the Spanish-speaking world. It is dedicated to producing and distributing content for television, radio, and digital platforms. It operates with an executive team and partners who participate only through their investment.

6. Grupo Modelo

A global brewer with an operating and expansion scheme directed by management. Its financial strength, however, comes from shareholders.

7. Grupo Bimbo

Who doesn’t know this multinational food company?

Founded in 1945, Grupo Bimbo is considered the largest baking company in the world. Corporate control remains with executive leadership, and its investors contribute resources through their shares.

8. Grupo Alfa

The business strategy of this conglomerate is led by its management team, supported by partners who participate only with capital.

Common types of businesses structured as a PLS

The Partnership Limited by Shares adapts very well to mid-sized or local businesses.

Here are some real cases and other illustrative examples:

9. Kolbe (educational center)

Kolbe is an educational institution offering high school and university programs. Like any private educational center, it requires both academic/administrative leadership and investment in facilities, equipment, and services.

10. Bader de México

A real example of a Partnership Limited by Shares is Bader de México, an automotive-sector company dedicated to producing leather and leather components. It combines the operational management of general partners with the investment of capital partners.

11. Laguna Holiday

This company focuses on buying and renting vacation properties. This model often includes partners who assume liability for debts, which increases banks’ confidence when granting credit.

12. Regional or local newspaper in Mexico (El Diario de Yucatán, El Norte in Monterrey)

An outlet of this type can be structured as a PLS.

Editorial work and newsroom management would be handled by managing partners. External investors would provide capital for printing, distribution, and infrastructure maintenance.

13. The Local Brewery

The Local Brewery is a Mexican craft brewery dedicated to producing independent beer. It operates as a microbrewery that combines artisanal production with regional distribution.

14. Clínica Dental Benavides

With regional presence in Nuevo León, Mexico, it specializes in aesthetic and maxillofacial treatments. A clinic like this can be organized with dentists and administrators as general partners and financiers as limited partners.

15. TSD Loreto Partners

This Mexican company in Baja California Sur is dedicated to tourist real-estate development.

Another real example of a Partnership Limited by Shares, composed of managing partners and investor shareholders.

Model examples of a PLS

The following examples illustrate different types of businesses that can be organized as a PLS:

16. Family tech company

Founders assume leadership and product development; external investors participate only with capital.

17. Local café or design studio

Daily operations are handled by active partners and backed by partners who provide resources without getting involved in management.

18. Regional real-estate firm

A management group directs sales and property administration, while other partners provide the necessary financing.

19. Private school

Academic leadership rests with an educational group, and financial support comes from partners who invest in infrastructure and facilities.

20. Digital or multimedia agency

In this type of business, creatives and directors handle operations (design, campaigns, production). They likewise rely on external investors who contribute only funds for technology, software, and expansion.

These 20 examples of a Partnership Limited by Shares in Mexico show that it can work across different industries—either at large scale or as a smaller local business.

Summary of PLS examples

Choosing a PLS vs. other legal forms

Why choose a Partnership Limited by Shares?

Unlike a General Partnership or a Limited Liability Company, this scheme is mixed—not everyone is exposed to total risk.

Limited partners are protected from direct liability, while general partners focus on decision-making and day-to-day management.

It is a practical option when there is trust between both types of partners.

But it also has disadvantages: general partners assume obligations that expose their own assets. In addition, the legal structure of a PLS is more complex than other types of Mexican commercial entities.

Conclusion

A Partnership Limited by Shares is a business regime that combines two different profiles, allowing you to structure ventures that need financing without all partners assuming the same level of risk.

If you are thinking of starting a company in Mexico, it offers a way to balance executive management with financial backing. It also facilitates the entry of investors because its capital is divided into shares.

These 20 examples of a Partnership Limited by Shares give you an idea of how this entity works in real life.

Remember that when dealing with international clients, you should look for reliable financial alternatives. DolarApp can be that ally for working with digital dollars and euros and making conversions at a competitive exchange rate.

Frequently Asked Questions

Can a PLS be listed on the stock exchange?

Yes. Because its capital is divided into shares, this type of company can list on the Mexican Stock Exchange. The law does not forbid it, unlike more closed structures such as a Limited Liability Company.

What happens if a limited partner decides to withdraw?

A limited partner’s interest is represented by shares and can therefore be transferred or sold. However, this must be done in accordance with the provisions of the partnership agreement and the General Law of Commercial Companies (Mexico).

Is there a minimum capital requirement to form a PLS?

The General Law of Commercial Companies does not set a specific minimum amount for a PLS. It does require that capital be sufficient to meet the corporate purpose and cover initial operations.

Sources:

Bimbo, according to the Mexican government

Bader de México

General Law of Commercial Companies