What should I do financially after setting up an education company?

First of all, the license for education and training is handled from the Education Bureau, and the license for educational technology is handled from the Industrial and Commercial Bureau. So it is definitely illegal for you to engage in education and training.

Secondly, if you still want to do education and training, you should pay attention to these aspects:

First, try not to invoice.

Second, try not to go to the bank to collect money.

Third, try not to be known by peers.

Every oversight will lead to trouble.

As for making accounts, if you do your own internal accounts, it is best to separate the nature of income and make separate accounts for easy inquiry.

As for the external account, I think we should not do it.

If it must be in an external account, it is best not to reflect it as education and training income, because it will definitely involve business outside the business scope and industry and commerce.

Specifically, according to your business scope, such as education consulting, report your income in an external account. Consulting belongs to business tax and is declared at 5%.