Understanding what a Standard Industrial Classification (SIC) code is and how it is used is essential for businesses. You can find a non-profit NAICS code by performing a NAICS code lookup. Yes, every non-profit organization has a NAICS code. The first two digits of a NAICS code represent the economic sector of your business, the third digit identifies its subsector, the fourth digit designates the business’s industry group, and the fifth and sixth digits designate the NAICS industry and the national industry, respectively.įor example, a real estate broker’s NAICS code is 531210, or “Offices of Real Estate Agents and Brokers.” Is there a NAICS code for non-profit organizations? It is possible to see the codes in several forms, from two digits all the way to six digits. Having a NAICS code does not affect any SIC codes you may have, and both codes can be held at the same time. Can I have a NAICS code even though I have a SIC code? The choice to register with the NAICS Association is completely optional. No, you can find a NAICS code without registering with the NAICS Association. Do you have to register with the NAICS Association? You can research NAICS codes using our NAICS Code finder. While most businesses only have one primary NAICS code, you can select more than one code if you have multiple business activities or product lines for your company. Alternatively, you can contact the US Census Bureau at 1-88 for assistance. To find your NAICS code, use our NAICS search tool or visit the US Census Bureau website and search for the NAICS title closest to your business. To see an example of the NAICS codes being used by a particular type of company/industry, check out the US Company Lookup Tool. You can use the NAICS Code Lookup tool to help find the right NAICS code to fit your business’s activities. You can contact the US Census Bureau to get help finding your code or use our NAICS code lookup tool. NAICS codes are self-assigned by the business itself. If you're asking yourself, "How do I find my NAICS code?" it is as simple as using our LLC NAICS search tool above.įrequently Asked Questions Am I given a NAICS code? Searching for data on your LLC is as simple as understanding what NAICS codes apply to your company and then doing a search for companies with the same codes. This is a type of knowledge that can demonstrate the broad nature of the business you're in helping you identify business opportunities. By knowing what codes apply to your business, you will get a better sense of the industry as a whole. This system creates a terminology that all businesses can use to compare themselves in their area of expertise. Keeping up with your NAICS number classification can help determine eligibility for SBA loans. The NAICS association in 2022 updated to include 111 new industries by reclassifying, combining, or splitting 156 NAICS 2017 industries, creating multiple codes for an industry or sector. The Small Business Administration (SBA) uses the NAICS system to determine whether or not businesses meet the size requirements for receiving SBA loans. Qualify for SBA Loans, Grants, and Other Assistance For example, you can use it to track how different industries are growing or shrinking, and what kinds of changes they’re experiencing. NAICS can also help you identify market trends. This can help you quickly grow your LLC's annual sales. For example, your NAICS code can help you narrow down your target market by identifying the industries that are most likely to be interested in your products or services. Your LLC's NAICS code can help you target the right market. Some insurance companies use NAICS codes to determine premiums, so it's worth checking with your insurer to see if they consider your industry classification when setting rates. Small businesses (SBA-Certified) self-assigned NAICS numbers to help them win these small business contracts. Many government agencies use NAICS codes when awarding contracts, so it's important to know what code applies to your business if you want to be considered for government work.įor example, after Hurricane Ian wreaked havoc along Florida's gulf coast, the federal government agency FEMA hired cleanup crews and other businesses to help with the aftermath. Knowing your NAICS code can help you find potential customers and suppliers that are in the same or similar industries. Your NAICS code is used to classify your business for statistical purposes. Here are a few reasons why you should do a NAICS lookup: 1. It's important to know your company's North American Industry Classification System (NAICS) code. Reasons for Knowing Your Company's NAICS Code
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