Umbrella Company
Most contractors will be aware that there are currently two main forms of company / payment structure in common use in the contracting sector – the Limited Company and the Umbrella Company.
The Umbrella Company clearly has a number of advantages over the Limited Company for the contracting sector. Chiefly, by using Umbrella Companies contractors avoid the responsibilities involved with the directorship of Limited Companies. Also contractors can sometimes achieve a superior gross to net earnings ratio through an Umbrella Company, often as high as 65%.
However there are also significant disadvantages with the use of Umbrella Companies and these disadvantages have been addressed in The Bedouin Group’s innovative solution which offers all of the advantages (and more) of the Umbrella Company, without any of the problems.
Firstly, Bedouin’s solution means contractors do not have to waste any time whatsoever on the admin, paperwork and expenses claims involved in the running of Limited or Umbrella Companies. This is massively important for those contractors who prefer to spend their time either working and earning money, or getting on with the rest of their life. With Bedouin there are no expenses claims, admin forms or continual Limited Company filings. You’re free to earn money and get on with your life!
Secondly, Bedouin offers added security over Limited or Umbrella Companies because as a contractor ‘employed’ by Bedouin, an ‘employee’ is given full employment status, statutory rights and benefits (whether contracting in the UK or overseas), as well as professional indemnity cover and an unrivalled support structure.
