low risk sic codes for businesses

4481 Sea transport of passengers Analytics cookies allow us to better understand how users interact with our website, which can help us to determine how we can improve our services to our users. 1061 Ferroalloy ores, except vanadium Healthcare; specifically nursing homes, assisted living facilities, and continuing care retirement centers. 2451 Mobile homes NAICS to SIC Crosswalk The NEC codes are the residual classifications that do not usually constitute homogenous primary activity groups. 3142 House slippers It seems apparent that I may not even need to worry about a SIC/NCAIS code until when I'm doing my taxes but still not sure about that. However, SIC codes are still used by some organizations and agencies, and you can still review the directory to find out which one best describes the primary business activity of your company. 2252 Socks and leg warmers Community Right-To-Know; Adopting 2022 North American Industry Known as a financing and credit expert, Gerri Detweiler has been interviewed in more than 4000 news stories, and answered over 10,000 credit and lending questions online. Learn about the History of the NAICS Code (North American Industrial Classification System) from its roots in the SIC (Standard Industrial Classification) System to Present. Aside from adding structure and clarity to an otherwise vast and multifaceted economy, SIC codes can function in the following ways: You may have noticed that the invention and use of SIC codes was focused on use in the United States. 7361 Private employment agencies Whether you are building a list or looking up individual companies this tool gives you unlimited access to the entire National Database of Companies for unlimited viewing and research. 2092 Fresh/frozen fish/seafoods 3081 Plastic film & sheets 0272 Horses 3823 Display & control instruments 3433 Heating equipment High Risk Businesses: The Complete Guide + List of Industries 5031 Lumber, plywood, millwork 5051 Metal products The organization of NAICS is as follows: Sector: 2-digit code. 2037 Frozen fruits/juices/veggies 0173 Tree nut groves Please enter your email address. 3679 Electronic components 3253 Ceramic wall & floor tile A .gov website belongs to an official government organization in the United States. How to Do a NAICS Lookup. This data is critical for government programs, policies, and decision-making. 14 Low Risk Businesses to Start (2023): Up to $15k a Month4 14 Low Risk Businesses to Start: Up to $15k a Month Part-Time Side Hustle Nation is dedicated to improving your personal profitability. Secure .gov websites use HTTPS 2865 Cyclic crudes & dyes Download Our Free Data & Marketing Industry Whitepapers. 4612 Crude petroleum pipeline 4613 Refined petroleum pipelines We have created a 70 minute training video you can watch for free. 2591 Window shade and drape hardware SICCODE Business Data Powering the World's Top Companies, For More Specialized Data and Services, Visit our, SIC Code Definition / History / Structure, SIC Code 2299 - Textile Goods, Not Elsewhere Classified, SIC Code 5149 - Groceries and Related Products, Not Elsewhere Classified, SIC Code 7389 - Business Services, Not Elsewhere Classified, SIC Code 4789 - Transportation Services, Not Elsewhere Classified. 7538 General auto repair 5932 Used merchandise stores 6732 Religious & charitable trusts Because of these exclusions, economic census data for industries in many sectors might appear to be incomplete. 3421 Cutlery 9661 Space research & technology 7319 Other advertising SIC Code for Real Estate Investment Company - BiggerPockets 2435 Hardwood veneer & plywood Get your full business credit reports & scores, PLUS Nav reports your account payments to the business bureaus as a tradeline. 1094 Uranium, radium and vanadium ore Learn More, The Merchant Banking Services industry has grown moderately through the end of 2023. 3341 Secondary nonferrous metals Hi Rodney, high risk industries could include subscription-based services, high dollar amount products or services, or industries with a high level of charge backs, etc. 2033 Canned preserves/jams/jellies 3296 Mineral wool 2061 Cane sugar exc refining 1041 Gold ores The NAICS puts out its own list of high-risk and high-cash industries. 7623 Refrigeration & air conditioning repair Regarding trade financing, merchant banks provide foreign corporate investment and international transaction facilitation services; they also offer lines of credit and issue letters of credit between importers and exporters. 4725 Tour operators 3011 Tires & inner tubes 2992 Lubricating oil & grease The third digit is used to further refine the classification by identifying the industry subgroup under which the company falls. The third number is then used to determine the subsector of the major group, followed by the fourth digit which is used to determine the industry group. of Minerals in SIC 1459, Grinding, Washing, Separating, etc. With this model, as a sales representative, you have the potential to earn as much money as you want, depending on how much effort you put in. 1031 Lead & zinc ores Additional information on NAICS is available at: Private firms contracting to provide services to government, Government-owned/contractor-operated (GOCO) plants. Get the new NAICS and SIC code manuals valid through 2017 in both hardbound and electronic manuals. However, because they are the official code of the federal government and referred to on an international scale, you may find NAICS codes to be more common in your business life. SIC codes and NAICS codes are worthless if your business isnt recession proof. 4923 Nat gas transmission & distribution Low-risk, high-reward businesses are, as the name implies, businesses that have the potential for a high level of reward without a high level of risk. 2131 Chewing tobacco, pipe tobacco & snuff 5182 Wine & distilled spirits 2891 Adhesives & sealants 9211 Courts Local, Magistrate, Justice, State & Federal Court Examples of Not Elsewhere Classified - NEC Codes in the SIC Code system. 3631 Household cooking equipment 5251 Hardware stores Share your ideas in the comments below: Entrepreneur and Marketer, Co-founder of Web Profits. 2369 Childrens outerwear I really appreciate your advice! Investment and risk. NAICS Code FAQ 2677 Envelopes 8811 Private households 21XX Tobacco Products She has testified before Congress on consumer credit legislation. 7213 Linen supply 1771 Concrete work 1761 Roofing, siding & sheet metal work 3365 Aluminum foundries 3353 Aluminum sheet, plate & foil 5021 Furniture Direct sales companies like Tupperware, Avon and Mary Kay hire sales representatives to sell their merchandise and market their products. 5137 Womens & kids clothing 3511 Turbines & generators 8399 Other social services An NAICS code classifies business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy. 3366 Copper foundries NAICS Code Appends 3085 Plastic bottles 2044 Rice milling 2812 Alkalies & chlorine 1231 Anthracite mining 2026 Fluid milk Services, but we sell software he likes software software is low risk. Chelsea Manning - Wikipedia 7322 Adjustment & debt collection services 2397 Schiffli machine embroideries 7217 Carpet & upholstery cleaning However, if you understand how the business classification system works, then you can choose the correct code on your first try. (This is also because SIC still has a massive database). SIC & NAICS Codes What Are They & What Do They Mean? ) or https:// means youve safely connected to the .gov website. 4812 Radiotelephone services 8651 Political organizations According to The Penny Hoarder, Mary Kay costs $100 to start, Tupperware costs $99, and Avon, just $10 to 20. 3841 Surgical & medical instruments 7519 Utility trailer rental of Minerals in SIC 1499. Merchant Category Codes (MCCs) are issued by credit card companies to indicate what goods or services a business offers. A lock ( And what do they want? 1622 Bridges, tunnels & elevated highways 4111 Local & suburban transit How to Avoid High Risk NAICS Codes | Get More Funding Now Are you sensing a theme here? 9621 Transportation programs administration 7215 Coin-operated laundries 8099 Other health services 2339 Womens outerwear Phone sales and direct selling establishments. If its on your business credit, you will need to file a dispute with the business credit agency reporting it. 5043 Photo equipment & supplies 5139 Footwear What is the right SIC/NCAIS code for real estate investing for LLC? 6399 Insurance carriers Macomb, MI. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. 3792 Travel trailers & campers 3743 Railroad equipment 2395 Decorative stitching 1021 Copper ores 3995 Burial caskets 22XX Textile Mill Products 31XX Leather and Leather Products 6091 Nondeposit trust facilities When you apply for a loan, make sure your existing NAICS code is accurate. Transportation, communications, and utilities, Railroad Switching and Terminal Establishments, Sightseeing Buses and Cable and Cog Railways, Except Scenic, Hearse Rental with Driver and Carpool and Vanpool Operations, Automobile Rental with Driver and Limousine Rental with Driver, Terminal and Service Facilities for Motor Vehicle Passenger Transportation, Motor freight transportation and warehousing, Hazardous Waste Collection Without Disposal, Local General Freight Trucking Without Storage, Local Specialized Freight Trucking Without Storage, Long-distance Truckload General Freight Trucking, Long-distance Less Than Truckload General Freight Trucking, Long-distance Specialized Freight Trucking, Local General Freight Trucking with Storage, Local Specialized Freight Trucking with Storage, General Warehousing in Foreign Trade Zones, Terminal and Joint Terminal Maintenance Facilities for Motor Freight Transportation, Deep Sea Foreign Transportation of Freight, Deep Sea Domestic Transportation of Freight, Freight Transportation on the Great Lakes St. Lawrence Seaway, Deep Sea Transportation of Passengers, Except by Ferry, Coastal and Great Lakes Passenger Transportation, Airboats, Excursion Boats, and Sightseeing Boats, Marine Salvage and Piloting Vessels In and Out of Harbors, Nonscheduled Charter Freight Air Transportation, Nonscheduled Charter Passenger Air Transportation, Airports, Flying Fields, and Airport Terminal Services, Airfreight Handling at Airports, Hangar Operations, Airport Terminal Services, Aircraft Storage, Airports, and Flying Fields, Aircraft Cleaning and Janitorial Services, Arrangement of Passenger Transportation, NEC, Except Arrangement of Carpools and Vanpools, Arrangement of Transportation of Freight and Cargo, Freight Rate Auditors and Tariff Consultants, Except Freight Rate Auditors and Tariff Consultants, Grain Leveling in Railroad Cars, Grain Trimming for Railroad Equipment, Precooling of Fruits and Vegetables in Connection with Transportation, and Railroad Car Cleaning, Icing, Ventilating and Heating, Fixed Facilities and Inspection and Weighing Services for Motor Vehicle Transportation, Pipeline Terminals and Stockyards for Transportation, Dining Car Operations on a Fee or Contract Basis, Telephone Communications, Except Radiotelephone, Telegraph and Other Message Communications, Ship-to-Shore Broadcasting Communications, Except Taxi Cab Dispatch Ship-to-Shore Communications and Satellite Communications, Electric Power Generation by Fossil Fuels, Electric Power Generation by Nuclear Fuels, Natural Gas Transmission and Distribution, Mixed, Manufactured, or Liquefied Petroleum Gas Production and/or Distribution, Hydroelectric Power Generation When Combined with Other Services, Electric Power Generation by Fossil Fuels When Combined with Other Services, Electric Power Generation by Nuclear Fuels When Combined with Other Services, Other Electric Power Generation When Combined with Other Services, Electric Power Transmission When Combined with Other Services, Electric Power Distribution When Combined with Other Services, Natural Gas When Combined with Electric Services, Other Power Generation When Combined with Other Services, Natural Gas Distribution when Combined with Other Services, Other Nonhazardous Waste Treatment and Disposal, Lumber, Plywood, Millwork, and Wood Panels, Brick, Stone and Related Construction Materials, Roofing, Siding, and Insulation Materials, Computers and Computer Peripheral Equipment and Software, Medical, Dental, and Hospital Equipment and Supplies, Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials, Electrical Appliances, Television and Radio Sets, Plumbing and Heating Equipment and Supplies (Hydronics), Warm Air Heating and Air-Conditioning Equipment and Supplies, Construction and Mining (Except Petroleum) Machinery and Equipment, Service Establishment Equipment and Supplies, Beauty and Barber Shop Equipment and Supplies, Transportation Equipment and Supplies, Except Motor Vehicles, Sporting and Recreational Goods and Supplies, Jewelry, Watches, Precious Stones, and Precious Metals, Drugs, Drug Proprietaries, and Druggists Sundries, Piece Goods, Notions, and Other Dry Goods, Womens, Childrens, and Infants Clothing and Accessories, Plastics Materials and Basic Forms and Shapes, Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals, Lawn and Garden Supplies Sold Via Retail Method, Except Lawn and Garden Supplies Sold Via Retail Method, Flowers, Nursery Stock, and Florists Supplies, Advertising Specialties Goods Distributors, Building materials, hardware, garden supply, & mobile home, Lumber and Other Building Materials Dealers, Retail Nurseries, Lawn and Garden Supply Stores, Warehouse Clubs and General Merchandise Combination Stores, Supermarkets and Grocery Stores with Little General Merchandise, Supermarkets and Grocery Stores with Substantial General Merchandise, Meat and Fish (Seafood) Markets, Including Freezer Provisioners, Chocolate Candy Stores, Preparing Candy on Premises, Nonchocolate Candy Stores, Preparing Candy on Premises, Doughnut Shops, Pretzel Shops, Cookie Shops, Bagel Shops, and Other Such Shops that Make and Sell for Immediate Consumption, Bakeries That Make and Sell at the Same Location, Automotive dealers and gasoline service stations, Mens and Boys Clothing and Accessory Stores, Miscellaneous Apparel and Accessory Stores, Furniture, home furnishings and equipment stores, Custom Made Wood Nonupholstered Furniture, Except Cabinets and Upholstered, Except Custom Cabinet and Furniture Builders, Except Blinds, Shades, and Pottery and Crafts Made and Sold on Site, Radio, Television, and Consumer Electronics Stores, Sewing, Needlework, and Piece Goods Stores, Liquefied Petroleum Gas (Bottled Gas) Dealers, Optical Stores Grinding Prescription Lenses, except 1-Hour Labs, Except Optical Laboratories Grinding Prescription Lenses, Central Reserve Depository Institutions, NEC, Savings Institutions, Federally Chartered, Savings institutions, Not Federally Chartered, Agencies of Foreign Banks, Except International Trade Financing, Foreign Trade and International Banking Institutions, Functions Related to Deposit Banking, NEC, Clearinghouses and Electronic Funds Transfer, Federal and Federally-Sponsored Credit Agencies, Short-Term Business Credit Institutions, Except Agricultural, Miscellaneous Business Credit Institutions, Finance Leasing Combined With Loan Making, Finance Leasing Combined with Sales Financing, Security, commodity brokers, and services, Security Brokers, Dealers, and Flotation Companies, Dealers and Brokers, Except Securities Commodities, and Oil and Gas Lease Brokers, Services Allied With the Exchange of Securities or Commodities, NEC, Reinsurance Carriers, Accident and Health, Fire, Marine, and Casualty Insurers, Direct, Reinsurance Carriers, Fire, Marine, and Casualty, Financial Responsibility Insurers, Direct, Reinsurance Carriers, Financial Responsibility, Operators of Dwellings Other Than Apartment Buildings, Operators of Residential Mobile Home Sites, Land Subdividers and Developers, Except Cemeteries, Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices, Education, Religious, and Charitable Trusts, Trusts, Except Educational, Religious, and Charitable, Personal Trusts, Estates, and Agency Accounts, Venture Capital Companies, Investment Clubs, and Operators on Own Account, Hotels, rooming houses, camps, and other lodging places, Organization Hotels and Lodging Houses, on Membership Basis, Garment Pressing, and Agents for Laundries and Drycleaners, Except Diaper Service and Clothing Alteration and Repair, All Other Miscellaneous Personal Services, NEC, Radio, Television, and Publishers Advertising Representatives, Advertising Materials Distributor Services, Photocopying and Duplicating Services, Except Instant Printing, Building Cleaning and Maintenance Services, NEC, Home Health Furniture and Equipment Rental and Leasing, Heavy Construction Equipment Rental and Leasing, Consumer Electronics and Appliances Rental, Residential Furniture, Party Supplies, and All Other Miscellaneous Consumer Goods Rental and Leasing, Oilfield and Well Drilling Machinery and Equipment Rental and Leasing, Office Machinery and Equipment Rental and Leasing, Computer Processing and Data Preparation and Processing Services, Retailing Computers From a Storefront and Repairing, Disk and Diskette Conversion and Recertification, Except Computer Systems Consultants and Disk and Diskette Conversion and Recertification, Detective, Guard, and Armored Car Services, Photofinishing Laboratories (Except 1-Hour), Stock Photo Agencies and Press Clipping Services, Process Services, Patent Agents, Notaries Public and Paralegal Services, Sign Painting and Lettering Shops, Showcard Painting, Mannequin Decorating Services, and Other Advertising Related Business Services, Appraisers, Except Insurance and Real Estate, and Miscellaneous Professional, Scientific, and Technical Services, Agents and Brokers for Authors and Artists and Speaker Bureaus, Telemarketing Bureaus and Telephone Soliciting Services, Business Service Centers, Except Private Mail Centers and Mail Box Rental, Embroidery of Advertising on Shirts and Rug Binding for the Trade, Sponging Fabric for Tailors and Dressmakers, Distribution of Telephone Directories on a Fee or Contract Basis, Hotel and Restaurant Reservation Services and Time Share Condominium Exchange, Convention and Visitors Bureaus and Tourist Information Service, Credit Card and Check Validation Services, Business Support Services, Except Telephone Answering, Telemarketing Bureaus, Private Mail Centers, and Repossession Services, Truck Rental and Leasing, Without Drivers, Utility Trailer and Recreational Vehicle Rental, Top, Body, and Upholstery Repair Shops and Paint Shops, Automotive Services, Except Repair and Carwashes, Except Automotive Window Tinting, Lubricating Services, and Towing, Retailing New Electronic Equipment from a Storefront and Repairing, Other Telecommunications Equipment Repair, Refrigeration and Air-Conditioning Services and Repair Shops, Retailing New Refrigerators from a Storefront and Repairing Refrigerators, Except Commercial and Retailing New Refrigerators from a Storefront and Repairing Refrigerators, Electrical and Electronic Repair Shops, NEC, Retailing New Electrical and Electronic Appliances from a Storefront and Repairing, Business and Office Machine Repair, Electrical, Electrical Measuring Instrument Repair and Calibration, Medical Equipment Repair, Electrical, Appliance Repair, Electrical; Washing Machine Repair; Electric Razor Repair (except Retailing New Appliances from a Storefront and Repairing), Other Consumer Electronic Equipment Repair Except Computer, Radio, Television, Stereo, and VCr, Furnace Ducts, Chimney, and Gutter Cleaning Services, Other Non-Automotive Transportation Equipment and Industrial Machinery and Equipment, Retailing New Bicycles from a Storefront and Repairing Bicycles, Dental Instrument Repair, Laboratory Instrument Repair, Medical Equipment and Other Electronic and Precision Equipment Repair, Except Typewriters, Lawnmower Repair Shops, Sharpening and Repairing Knives, Saws and Tools, Taxidermists, and Antique Repair and Maintenance, Except Antique Car Restoration, Gas Appliance Repair Service, Sewing Machine Repair, Stove Repair Shops, and Other Non-Electrical Appliances, Leather Goods Repair Shops, Luggage Repair Shops, Pocketbook Repair Shops, Except Industrial, Electronic, Home and Garden, Appliance, Locksmith, and Leather Goods, Services Allied to Motion Picture Production, Teleproduction and Post-Production Services, Film Directors and Related Motion Picture Production Services, Independent, Motion Picture and Video Tape Distribution, Services Allied to Motion Picture Distribution, Theatrical Producers (Except Motion Picture) and Miscellaneous Theatrical Services, Bands, Orchestras, Actors, and Other Entertainers and Entertainment Groups, Except Musical Groups and Artists, Actors and Actresses, Except Amusement Arcades and Slot Machine Operators, Circus Companies and Traveling Carnival Shows, Lottery, Bingo, Bookie and Other Gaming Operations, Caverns and Miscellaneous Commercial Parks, State Fairs, Agriculture Fairs, and County Fairs with Facilities, State Fairs, Agriculture Fairs, and County Fairs without Facilities, Amusement and Recreation Services, NEC (except circuses, professional athletes, caverns and other commercial parks, skiing facilities, casinos and other gambling operations, amusement and recreation facilities, sports instruction, sports equipment re, Offices and Clinics of Doctors of Medicine, Offices of Physicians, Mental Health Specialists, Offices of Physicians Except Mental Health, Offices and Clinics of Doctors of Osteopathy, Offices of Doctors of Osteopathy, Except Mental Health, Offices of Doctors of Osteopathy, Mental Health Specialists, Offices and Clinics of Health Practitioners, NEC, Mental Health Practitioners, Except Physicians, Offices of Physical, Occupational, Recreational, and Speech Therapists and Audiologists, All Other Skilled Nursing Care Facilities, Nursing and Personal Care Facilities, NEC, Other Nursing and Personal Care Facilities, Medical Laboratories, Except Diagnostic Imaging Centers, Colleges, Universities, and Professional Schools, Professional and Management Development Training, All Other Schools and Educational Services, NEC, Community Housing Services, Except Temporary Shelters, Services for the Elderly and Persons with Disabilities, Job Training and Vocational Rehabilitation Services, Mental Health and Substance Abuse Facilities, Environment, Conservation, and Wildlife Organizations, Museums, art galleries, botanical & zoological gardens, Arboreta and Botanical or Zoological Gardens, Labor Unions and Similar Labor Organizations, Civic, Social, and Fraternal Associations, American Indian and Alaska Native Tribal Governments, Except Humane Societies, Farm Business Organizations, Athletic Associations, and Travel Motor Clubs, Accounting, Auditing, and Bookkeeping Services, Commercial Physical and Biological Research, Commercial Economic, Sociological, and Educational Research, Administrative and General Management Consulting, Human Resources and Personnel Management Consulting, Manufacturing Management, Physical Distribution, and Site Location Consulting, Educational Test Development and Evaluation Services, Educational Testing, and Educational Consulting, Safety Consulting and Security Consulting, Agriculture Consulting and Economic Consulting, Urban Planners and Industrial Development Organizations, Authors, Artists, and Related Technical Services, Independent, Scientific and Related Consulting Services, Executive, legislative, and general government, Executive and Legislative Offices, Combined, Public Finance, Taxation, and Monetary Policy, Administration of Social, Human Resource and Income Maintenance Programs, Administration of Veterans Affairs, Except Health Insurance, Air and Water Resource and Solid Waste Management, Land, Mineral, Wildlife, and Forest Conservation, Administration of Urban Planning and Community and Rural Development, Administration of General Economic Programs, Regulation and Administration of Transportation Programs, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Regulation of Agricultural Marketing and Commodities, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, National security and international affairs.

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low risk sic codes for businesses