Start your own company, pay social security yourself or the company?

The company pays social insurance for its employees.

The employing unit shall, within 30 days after its establishment, carry its business license, registration certificate or unit seal to the local social insurance agency for social insurance registration. The agency shall complete the examination and issue the registration certificate within fifteen days after receiving the application. If the employer changes or terminates according to law, it shall complete the change or cancellation of registration within 30 days from the date of correspondence. Relevant departments are responsible for providing timely information on the establishment and termination of employers, as well as information on personal birth, death and household registration changes. Employers and individuals shall pay social insurance premiums according to law, and may inquire about payment records and personal rights and interests records.

Types of social security:

1. Old-age insurance: providing basic living security for retired workers;

2. Medical insurance: helping employees to reduce the economic burden of seeking medical treatment due to illness;

3. Unemployment insurance: provide financial assistance for a certain period of time when employees are unemployed;

4. Work-related injury insurance: providing medical expenses and living allowances for workers with work-related injuries;

5. Maternity insurance: give certain economic subsidies to female employees for maternity.

To sum up, the company needs to complete social security registration, change or cancellation within the specified time, and pay social security fees according to law. At the same time, relevant departments should provide necessary information to ensure the timely update of employees' social security rights and interests and the inquiry of individual payment records.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 60

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.