what is naics code for llc

what is naics code for llc

1 year ago 73
Nature

An NAICS code (North American Industry Classification System) is used by government agencies to identify an LLCs line of business and activities. It is mostly used for statistical purposes, but some states may ask for it, and it can be optional or a requirement depending on the state. NAICS codes can help determine if an LLC is eligible for certain government grants and contracts, and can also help identify government contracting opportunities and pursue the ones an LLC is most qualified for. The NAICS code for an LLC can also improve its chances of obtaining loans from commercial lenders, as it allows lenders to make industry comparisons to determine and identify the best-qualified small businesses for loans.

To find the NAICS code for an LLC, one can use the NAICS and SIC Identification Tools on the official government website. The tools allow one to search by keyword or browse by industry. If one cant find the exact industry, they can use the closest thing to it. If one needs help determining the NAICS Code for their LLC, they can contact the US Census Bureau at 1-888-756-2427 for assistance. Alternatively, one can use the US Company Lookup Tool by NAICS.com to identify the NAICS Code being used for a specific company, or use the NAICS SEARCH TOOLS to identify the code that best reflects their primary business activity.

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