There is no law that university teachers can't start companies. The following is the situation that you can't run the company:

1, without or with limited capacity for civil conduct;

2. Being executed or being executed with criminal compulsory measures;

3. Wanted by public security organs or state security organs;

4. Being sentenced to punishment for committing crimes of corruption and bribery, property infringement or disrupting the order of the socialist market economy, and the execution period has not exceeded five years; Being sentenced to punishment for committing other crimes, and the execution period has not exceeded three years; Or was sentenced to deprivation of political rights because of a crime, and the execution period did not exceed five years;

5. Being the legal representative, director or manager of an enterprise that has gone bankrupt and liquidated due to poor management, and being personally responsible for the bankruptcy of the enterprise, less than three years have passed since the end of the bankruptcy liquidation of the enterprise;

6. Being the legal representative of an enterprise whose business license has been revoked due to violation of laws, and being personally responsible for the illegal acts of the enterprise, and less than three years have passed since the date of revocation of the business license of the enterprise;

7. The amount of personal liabilities is relatively large and has not been paid off due;

8. Laws and other circumstances in which the legal representative is prohibited from holding office in the State Council.

Extended data

Salary management of university leaders

Without approval, the leading cadres in party member of the school shall not work part-time in social organizations, foundations, enterprises, private non-enterprise units and enterprises; School-level leaders who are approved to take part-time jobs may not receive remuneration from part-time units;

The remuneration received by the leaders of approved part-time departments and internal institutions in part-time units shall be turned over to the school in full, and the school shall formulate relevant incentive measures according to the actual situation and give appropriate rewards.

Strictly implement the relevant provisions on the remuneration for the transformation of scientific and technological achievements.

If the main leaders of the school are the main achievers of scientific and technological achievements or have made important contributions to the transformation of scientific and technological achievements, they can get cash rewards in accordance with the provisions of the Law on Promoting the Transformation of Scientific and Technological Achievements, and in principle they may not get equity incentives;

The transformation of scientific and technological achievements of other members of the school leadership team can be given cash or equity incentives, but leading cadres who have obtained equity incentives may not use their powers to seek improper benefits for enterprises holding equity.

References:

Baidu Encyclopedia-Company Law