Limited Liability Partnership (LLP), which aids professional auditors to initiate LLP firms in India, is a hybrid form of organization with Companies as well as Partnership Act features. There remains a significant gap in exploring the adoption of LLPs in India from a Stakeholder (SH) perspective, while existing studies indicate a record-breaking surge in LLP adoption. Therefore, this study discloses this gap by approving a descriptive as well as analytical Research Design (RD) and collecting secondary sources of data. As per the study’s findings, the service sector accounts for the highest share of LLP registrations (74.53%). The total LLP registrations grew by 16.4% during the financial year 2024-25. The study identifies key factors influencing SH adoption of LLPs, including decriminalization of minor offences, digital incorporation through the Ministry of Corporate Affairs(MCA) portal, lower compliance and filing costs, conversion flexibility from partnership firms to LLPs, and MSME policy benefits. The introduction of Small LLPs makes the LLP structure more attractive to startups and small enterprises
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