The new Private Education Promotion Law clearly stipulates that training companies (for-profit private schools) must obtain business licenses and school licenses with training business scope.

This is a mandatory provision of national laws. After the introduction of the new law, local industry and commerce and education committees began to vigorously regulate the education and training market. Running a school without a license will not only be ordered to rectify and suspend business, but also be fined more than one time but less than five times the illegal income of the company sponsors, and even be punished for public security management or investigated for criminal responsibility.

Extended data:

To apply for the establishment of a private school, the sponsor shall submit the following materials to the examination and approval authority:

(1) The bid report shall mainly include the organizer, training objectives, school scale, school level, school form, school conditions, internal management system, fund raising, management and use, etc.

(2) The name and address of the promoter or the name and address;

(3) the source of assets, the amount of funds and valid documents, and indicate the property rights;

(four) to donate school property, a donation agreement shall be submitted, and the agreement shall specify the name of the donor, the amount, purpose and management method of the donated assets, and relevant valid documents.

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