The North American Industry Classification System, or NAICS, is a classification scheme used by governmental organizations to gather, examine, and disseminate statistical information about commercial activity. Six-digit codes called NAICS are used to categorize firms according to their main economic activity. These codes were created by the National Institute of Statistics and Geography of Mexico, Statistics Canada, and the US Census Bureau.
“Other Personal and Household Goods Repair and Maintenance” is described by the NAICS code 812190. This code is applicable to companies whose main business is the upkeep and repair of domestic and personal items like furniture, clothing, and appliances. This code covers services including shoe repair, watch repair, furniture repair, and alterations and tailoring.
SIC code 7991, on the other hand, relates to “Physical Fitness Facilities.” Businesses that operate fitness and recreational sports facilities, such as gyms, health clubs, and fitness centers, are subject to this code. Even though it might not seem like it, this code and NAICS number 812190 are both classified as personal services.
The applicable NAICS number for event planners is 561920, which stands for “Convention and Trade Show Organizers.” This code is applicable to companies whose main activities consist of planning, publicizing, and managing events including conventions, trade fairs, and conferences. This code covers services including choosing a location, organizing the logistics, providing marketing assistance, and registering attendees.
Last but not least, “All Other Professional, Scientific, and Technical Services” are covered by business activity code 541990. Businesses that offer unclassified professional, scientific, or technological services are subject to this code. This code covers products and services like consultancy, R&D, and technical writing. Despite its seeming broadness, this NAICS code is helpful for companies that offer specialized services that do not cleanly fit into other NAICS codes.
In summary, NAICS codes can be used to categorize firms according to their main economic activity. The “Other Personal and Household Goods Repair and Maintenance” NAICS code is 812190, and the “Physical Fitness Facilities” SIC code is 7991. The applicable NAICS code for event planning is 561920, and businesses that offer specific services that don’t cleanly fit into other NAICS codes can benefit from the business activity code 541990.