Understanding NAICS Codes

Understanding NAICS Codes
Understanding NAICS Codes

The North American Industry Classification System (NAICS) is a classification of businesses by the type of economic activity they are engaged in.

When making payments to an overseas partner, you will likely be asked for your NAICS code. Payment processors and banks use this information to help protect you and your business from money laundering and other risks.

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What Are NAICS Codes?

The North American Industry Classification System or NAICS is an classification of business establishments by type of economic activity (process of production). It is used by government and business in Canada, Mexico, and the United States of America. It has largely replaced the older Standard Industrial Classification (SIC) system, except in some government agencies, such as the U.S. Securities and Exchange Commission (SEC).

-From Wikipedia

How do I find my NAICS code?

The US Census Bureau has tools which make it easy to find your organization’s code.

Where can I learn more?

You can download the full list of NAICS codes here.

Where can I find my NAICS code?

The full overview of NAICS is available here from the US Census Bureau.

Additional Resources

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