The North American Industry Classification System (NAICS) is used by federal statistical agencies to classify business establishments. It helps in collecting, analyzing, and publishing data related to the U.S. economy.
Business Registration
Federal Contract Bidding
Tax & Compliance Reporting
1. Certifications:
Having the right certifications proves that your business meets industry standards and follows best practices. Certifications build trust with customers, partners, and government agencies. They can also open doors to new markets, especially in sectors like healthcare, IT, and construction, where certified providers are often preferred or even required.
2. Taxes:
Proper tax registration and compliance are essential for running a legal and trustworthy business. Staying on top of your taxes helps avoid penalties, ensures smooth financial operations, and strengthens your credibility with financial institutions and clients. It also shows that your business is responsible and ready to scale.
3. Government Contracting:
To work with government agencies, your business must meet specific requirements — including proper certification, tax compliance, and registration. Government contracts can be a steady source of revenue, but without meeting these basics, you won’t be eligible. Having everything in order positions your business to take advantage of these valuable opportunities.
Not sure which industry code applies to your business? Let our team walk you through it.
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