We are currently having a disagreement in our small firm and I'm looking for some external views to help settle matters.
We are acting for a corporate group (c10 members) who have a 24% investment in an LLP. Other than our group, there is a 66% investor and a handful of smaller investors making up the balance. The LLP owns and runs a large piece of plant. Our group constructed the plant, provides the bookkeeping services and attends board meetings (including a recent meeting where the first profit distribution was agreed). Based on this, I would argue we have significant influence in the LLP but am being challenged with the counter-argument that due to the 66% investor having sole control, our influence is limited.
Could anyone help clear this up?