Freelancing can be defined as a hybrid professional status that allows independent workers to enjoy the benefits of employment while retaining their freedom. This model is based on a tripartite contract. In other words, the consultant, i.e., the independent worker, signs a contract with a freelancing company and the client company. The relationship between the three parties is formalized through this contract.
Before signing the contract, the consultant or independent worker must find projects. They will prospect and negotiate with potential clients to secure projects that align with their skills, similar to an independent contractor.
The contract for the services is then signed by the freelancing company, the consultant, and the client company. This contract outlines the mission conditions, payment terms, and expected deliverables.
Subsequently, the freelancing company handles invoicing by issuing invoices on behalf of the consultant for the completed service. The consultant's fees are calculated based on the desired revenue. Finally, the freelancing company receives payments from clients, taking care of deductions for social and tax contributions, as well as management fees, before transferring the net salary to the consultant. The net salary corresponds to revenue minus deductions and fees. In summary, the freelancing company takes care of the administrative, legal, and accounting aspects of the relationship, allowing the consultant to focus on their actual work.
Good to know: The consultant benefits from employee status, meaning they enjoy advantages such as social protection, unemployment insurance, and retirement benefits. In return, they are required to contribute to various schemes, similar to any other employee.