Is it cost-effective to hang up the company and buy social security?

It is not cost-effective to buy social security by hanging a company, as follows:

1. It is more cost-effective for individuals to pay social security than to pay it in the name of the company. Generally speaking, social security is paid by the work unit, but for those freelancers, how to choose the payment method of social security is very important. If the unit pays, there will be more work injury insurance, unemployment insurance and maternity insurance. Aside from the three risks, as far as pension and medical care are concerned, the cost of hanging the company name is relatively high, and individuals pay less;

2, affiliated units, the cost will be more, but the monthly payment is eligible, and you can enjoy the same pension and medical treatment as the rest of the employees in the future.

Legal basis: Article 6 of People's Republic of China (PRC) Social Insurance Law.

The state exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.

Article 7

The administrative department of social insurance in the State Council is responsible for the national social insurance management, and other relevant departments in the State Council are responsible for the relevant social insurance work within their respective functions and duties.

The social insurance administrative department of the local people's government at or above the county level shall be responsible for the social insurance management within its administrative area, and other relevant departments of the local people's government at or above the county level shall be responsible for the relevant social insurance work within their respective functions and duties.

Article 8

Social insurance agencies provide social insurance services, responsible for social insurance registration, personal rights and interests records, social insurance benefits payment and other work.