Skip to main content

What is a NAICS code?

By January 6, 2023April 18th, 2024No Comments

NAICS (North American Industry Classification System) codes are used to classify businesses in the United States according to the type of economic activity they are engaged in. They are used by various government agencies for statistical purposes, and also by businesses to identify potential customers or suppliers. NAICS codes are organized into 20 sectors, which are further divided into industries and sub-industries. Each NAICS code is a six-digit number that identifies a specific industry, with the first two digits identifying the sector, the next two digits identifying the industry group, and the final two digits identifying the specific industry. NAICS codes are used to identify businesses in a wide range of industries, including manufacturing, construction, wholesale and retail trade, and professional, scientific, and technical services.

You might need to know about NAICS codes for a variety of reasons. For example, if you are starting a business, you may need to determine the appropriate NAICS code for your business in order to complete government paperwork or identify potential customers or suppliers. You may also need to know about NAICS codes if you are working with a business that supplies goods or services to the government, as the government often uses NAICS codes to determine whether a business is eligible to bid on a particular contract. Additionally, you may need to know about NAICS codes if you are conducting market research or analyzing economic data, as NAICS codes are often used to classify businesses in these contexts.

If your insurance company wants to know your business’s NAICS code, you can try the following steps to find it:

  1. Visit the website of the United States Census Bureau, which is the official source for NAICS codes.
  2. Use the search function on the website to search for your industry by keyword.
  3. Browse through the list of industries that appears and try to find one that most closely matches your business.
  4. When you find a likely match, click on it to see the full description of the industry and the corresponding NAICS code.

Alternatively, you can try looking up your business’s NAICS code using an online directory or database. There are many websites that offer this service, and you can simply enter your business information and receive a list of potential NAICS codes.

If you are still having trouble finding your business’s NAICS code, you may want to contact your insurance company and ask for assistance. They may have resources available to help you determine the correct code for your business.

If you have selected the wrong NAICS code when registering your business, you may need to file an amendment to your business registration in order to change it. The process for doing this will depend on the agency or agencies with which you registered your business.

Here are some general steps you can follow to change your business’s NAICS code:

  1. Identify the agency or agencies with which you registered your business. This might include the state government, federal government, or local government.
  2. Contact the agency or agencies and ask about the process for amending your business registration. They should be able to provide you with information about the forms you need to fill out and any fees you need to pay.
  3. Fill out the necessary forms and pay any fees required to amend your business registration.
  4. Submit the forms and fees to the agency or agencies.
  5. Wait for the amendment to be processed. This may take several weeks or months, depending on the agency.

It’s important to follow the correct process for amending your business registration, as failure to do so could result in fines or other penalties. If you are unsure about the process, you may want to seek the assistance of an attorney or other professional.