Is it illegal to start your own company and pay social security yourself?

I. Understanding social security policies

After starting your own company, you need to know the local social security policies, including the types of social security, payment ratio and payment methods. Only in this way can we ensure that we pay social security in accordance with the regulations and enjoy the corresponding social security benefits.

Second, open a company social security account.

After understanding the social security policy, you need to open a company social security account with the local social security agency. To open an account, you need to provide relevant certificates of the company, such as business license and tax registration certificate. After opening an account, you can pay social security fees in accordance with the prescribed proportion and method.

Third, pay social security fees on time.

After opening the social security account, you need to pay the social security fee according to the specified time node. Generally speaking, social insurance premiums are paid monthly, and it is necessary to ensure that the payment is completed within the specified time of each month. If the payment is overdue, there may be fees such as late payment fees.

Fourth, enjoy social security benefits.

After paying social security fees on time, you can enjoy the corresponding social security benefits. This includes medical insurance, endowment insurance, unemployment insurance, industrial injury insurance, etc. If necessary, you can apply to the social security agency for relevant treatment to reduce the economic burden.

To sum up:

It is not illegal to start your own company and pay social security by yourself, but you need to understand and abide by the relevant social security policies. By opening a company social security account and paying social security fees on time, you can enjoy the corresponding social security benefits and provide better protection for yourself and the company.

Legal basis:

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

Article 57 provides that:

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate.

Article 58 provides that:

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

People's Republic of China (PRC) labor contract law

Article 72 provides that:

Employers and workers must participate in social insurance and pay social insurance premiums according to law.