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The only difference between a partner and a principal is that you can only be a partner if you have (and maintain) a CPA. Plenty of advisory partners out there. Nobody really ever shares how they get paid though…
Partners and principles are the same thing just one has an active CPA and one does not. There are tax principles as well (tax attorneys, enrolled agents, etc)
Chief
None of the US B4 pay a percentage of the revenue brought in. MBB doesn’t either. Some of the other firms do.
Which firms?