Regulations Regarding the Establishment of and Special Recognition for Private Social Education Institutions Article 18

A private social education institution that has been set up and registered shall independently handle its own finances and accounting. The institution shall open a dedicated account in its own name to use for its everyday income and expenditure funds.The annual income of a private social education institution affiliated with a legal person or an association shall be treated as the income of that legal person or association, for its own planning and operations.The earnings of a private social education institution shall be used for its operational needs and may not be distributed to any individual.