Since different businesses and organizations have adopted NAICS for use in applications that are not statistical (e.g., regulatory actions and procurement), it’s possible that they permit for multiple NAICS code per institution. For occasion, the System for Award Management (SAM), the place companies register to turn out to be federal contractors, will settle for a number of classification codes per establishment. You might want to contact these different agencies to find out what their insurance policies are, and what NAICS codes are appropriate for your corporation relative to their programs. For statistical functions, a business institution is assigned one NAICS code, based on its major business activity, whereas a number of NAPCS codes may be linked to any one establishment to point its various products. For instance, InsideView’s primary business is “Internet Information Services”, which is listed as a sub-trade under the “Media” trade.
Retrieved September 19, 2011. Chris Nuttall, … Read More