I've looked at alot of business content creators..you are master teacher, simple informative step by step methods.blessings too you 👍 Can't wait to look at more vids would love to be a part of your community.
@jermaineholmes3531, thank you for your kind feedback. 🙏 I appreciate you tuning in and I am glad you found this channel. Welcome and looking forward to also hearing about your journey and progress with your endeavors.👌🤓 Enjoy a blessed day ahead!
You’re truly genius and thanks for making such an informative video. I operate a solar power sales & marketing company in which we don’t do any installs or physical work just simply hunt the customers for solar installers get them signed the contracts and pass those contracts to solar installers to get the jobs installed (pure sales consultants work for both B2B & B2C). Have been operating my business for almost 2 years. Do you think I should get these codes? If yes which ones do you think would be best for me Incase if I’m deciding to apply for funding in next 1-2 months to banks? My lawyer who made my LLC didn’t even informed me of this not sure why. Just came across your channel randomly and wanted to know more about it.
Hello adelesayyid952, thank you first off, for checking out this video. 🤩🤓👌 Next, congratulations on your very innovative business, in the solar power niche. 👍 If you have been in business for a while and have had accounts like net 30s, store cards, gas cards and business credit cards, you have likely built a business credit profile already. 🤓 It does help if you include a NAICS and SIC code on your profile when you apply or fill up business credit applications as it is easy for lenders to assess your company’s category, where they also rate you for suitability to their lending programs. Sometimes, I noticed that if you do not pick your own codes, somehow, you would be given those codes from somewhere, where it might not be most descriptive of your business and can even cause you to get denied. Are you aware if any of your business credit accounts report? You can always add these codes to your business credit reporting accounts. Let me know if you have further questions okay? All the best to you and more success in your endeavors.🤩🤓💕
@@motionzbiz5814 thanks a lot again I really appreciate it! My lawyer said he put my LLC into retail solar sales 😂 not sure what he meant but he advised me that “Upon checking in our records, your business activity is Retail: Selling Solar. The TX SOS doesn't keep track records of your company's business activity. You may use the NAICS Code you wish to use for your business activity.” I’m unsure what to do as he doesn’t seems to know much of NAICS and SIC but I’m not sure if I choose code that best align with my business for instance NAIC would be 541618 and SIC would be 8742-64. These two codes are the ones that I want do I have to have lawyer assign me them or I simply have to use these and inform my business credit bureaus to use these ones (as on business credit beureau it doesn’t say anything but simply blank in my business credit reports). Do I have to mail them letters with these codes I have selected or where do I mail it so, I can avoid any issues especially when apply for credit or funding?
Hello Ace! @acebrown3252, thank you as well and you are most welcome. 👌🤓 I appreciate your positive feedback. Glad you found this helpful. All the best and have a great evening!👌🤓
Choosing your NAICS code is very important, but please note that some NAICS codes are considered risky industries and that can cause you to not get business loans or LOC or very little, if you get at all.
@ChavelleMurray, correct. 👍🤓 that is the purpose of the code, an identifier for the business especially with lenders; that’s why careful selection is imperative. Thank you!
Hello, SophiaBrown-dd8bm, you will use this code whenever you apply for credit from vendors. When you fillout the application forms. 🤩👍 Or, you can directly go to the business credit bureas , sign up and fill out company information. Thanks for checking our this video. 🤩👍
Hello, @pbam5500, you are welcome. I will research that and give you recommendations okay? However, let me know the nature of your operation: -are you a single member LLC or Corporation? -Does your business involve just consulting, no hands on clinical activities? -Do you contract services where you are 1099? -do you do aesthetics, wellness, etc? This can make a difference in what your NAICS code can be. 🤓 Let me know, okay? Thanks for tuning in!👍🤓
Hello I am doing a caregiving business/group homes do you know what the best code would be for that? I have been looking everywhere. I heard some codes like hospice and elderly care are not good for business credit.
Hello, @TM-ci4sp, my goodness, this comment just surfaced. My sincerest apologies, as this is a relevant inquiry. This is a month old. I will look into this. Currently on the field, but will get back with you on this once I am on base. Appreciate you asking. You have a very relevant business as it is a great community service doing this. You have a blessed evening!🙏👍🤓
@TM-ci4sp, your ideal NAICS Code is: 623110- Group homes for the disabled with nursing care And Suggested SIC Code is: 8361-Residential Care Don’t worry about being a provider for the services you do. It is relevant to the community and there are even incentives for businesses like yours. 🤓👍 Many thanks again and i hope this helps!🤩👌
Hello, @jalonbanks3293, have you used any Net 30 vendor or have any business loans or business credit cards? The reason why I asked is that you are likely to have provided this number somewhere. The best way to check it to see which classification numbers you pit it under, is to check your business reported on Dun & Bradstreet, and business Experian. They are pretty good with reporting if any of your vendor accounts reported your business account with them. Let me know if you found it, okay? Thanks for checking out this vide.🤩🤓👌
Hello @merlinabermejo6544, is it freight? 1. Do you ship products? Like you have the truck or vehicle to transport material? 2. Or do you have an office who accepts cargo and ships it but another company does the cargo or freight like a truck or boat? Let me know how your business operates, okay? So I can help you find an appropriate NAICS code for you. Thanks for asking.🤩👌
Hello, @IMBETTERDANU, you may want to contact NAV and request that to be changed on your official company information. 🤓 They report every month and what they report can be carried through to the business Credit Bureaus. The reporting of the update is a slow process however, because it’s up to the business Credit Bureaus to change or update that as well. And you know how they are, its very challenging to make corrections with them. Wait a month or two and see if it will show on Dun and Bradstreet, Experian and Transunion which you can access from Nav itself. If it does not, you can try doing that directly with the business Credit Bureaus. You can message them and they can direct you how to do it un their system. Just be prepared for a very slow process. Just keep on it until you get results. 👌🤓 Thanks for checking out this video.🤩
@@motionzbiz5814 Thanks for the advice. I did just that and they sent me off directly to the bureau that was reporting the incorrect NAICS code. So I just filled out a form with that bureau and I'm just waiting to hear back.
@SreeMatreNamaha, just to follow up on your inquiry here, can you just provide more detail on the type of staffing you do? 1-Do you contract with companies as yourself only? 2-Do you hire IT personnel and contract them with companies? 3-Are you an IT Recruitment agency where you hire ITs and refer them to companies and you collect a finder's fee? Just so we can target your NAICS and SIC code, okay? But here are preliminary Codes: 561320 Contract staffing services 561320 Online temporary staffing services, including intermediary platform services 561320 Temporary staffing services 561330 Co-employment staffing services to Elaborate: Cross-References. Establishments primarily engaged in-- Providing human resources and human resource management services to client businesses and households--are classified in Industry 561330, Professional Employer Organizations; Supplying farm labor--are classified in U.S. Industry 115115, Farm Labor Contractors and Crew Leaders; Providing operating staff to perform a combination of services to support operations within a client's facilities--are classified in Industry 561210, Facilities Support Services; Providing executive search, recruitment, and placement services--are classified in U.S. Industry 561312, Executive Search Services; Listing employment vacancies and in recruiting, referring, or placing applicants for employment--are classified in U.S. Industry 561311, Employment Placement Agencies; and Representing models, entertainers, athletes, and other public figures as their agent or manager--are classified in Industry 711410, Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures. *********************** You can also target these Categories based on your operations: 2012 NAICS 2017 NAICS 2022 NAICS Corresponding Index Entries 561320 561320 561320 Construction labor supply services 561320 561320 561320 Contract staffing services 561320 561320 561320 Help supply services 561320 561320 561320 Labor (except farm) contractors (i.e., personnel suppliers) 561320 561320 561320 Labor (except farm) pools 561320 561320 561320 Manpower pools 561320 561320 561320 Model supply services 561320 561320 561320 Office help supply services 561320 561320 561320 Office supply pools 561320 561320 561320 Online temporary staffing services, including intermediary platform services 561320 561320 561320 Outplacement consulting services 561320 561320 561320 Outplacement services 561320 561320 561320 Personnel (e.g., industrial, office, health care, legal, construction) suppliers 561320 561320 561320 Temporary employment services 561320 561320 561320 Temporary help services 561320 561320 561320 Temporary staffing services ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ As for the SIC Code: SIC Code 7361 - Employment Agencies Hope this helps. Let me know, okay?
@ClinthHavinn, good business. 👌 There is definitely codes descriptive of your business. You can still benefit from having a NAICS code identifier for your business. Especially when you are seriius about building it up. Thanks for watching the video.👍🤓
I've looked at alot of business content creators..you are master teacher, simple informative step by step methods.blessings too you 👍 Can't wait to look at more vids would love to be a part of your community.
@jermaineholmes3531, thank you for your kind feedback. 🙏 I appreciate you tuning in and I am glad you found this channel. Welcome and looking forward to also hearing about your journey and progress with your endeavors.👌🤓
Enjoy a blessed day ahead!
@@motionzbiz5814 ....please help. I am finding the hardest time trying to find the right naics code for my online sea moss business
@@AngelaTaylor-sq9vr yes, i just got done doing a video about your question. Publishing it in the next few hours.👌🤓
You’re truly genius and thanks for making such an informative video. I operate a solar power sales & marketing company in which we don’t do any installs or physical work just simply hunt the customers for solar installers get them signed the contracts and pass those contracts to solar installers to get the jobs installed (pure sales consultants work for both B2B & B2C). Have been operating my business for almost 2 years. Do you think I should get these codes? If yes which ones do you think would be best for me Incase if I’m deciding to apply for funding in next 1-2 months to banks? My lawyer who made my LLC didn’t even informed me of this not sure why. Just came across your channel randomly and wanted to know more about it.
Hello adelesayyid952, thank you first off, for checking out this video. 🤩🤓👌
Next, congratulations on your very innovative business, in the solar power niche. 👍
If you have been in business for a while and have had accounts like net 30s, store cards, gas cards and business credit cards, you have likely built a business credit profile already. 🤓
It does help if you include a NAICS and SIC code on your profile when you apply or fill up business credit applications as it is easy for lenders to assess your company’s category, where they also rate you for suitability to their lending programs.
Sometimes, I noticed that if you do not pick your own codes, somehow, you would be given those codes from somewhere, where it might not be most descriptive of your business and can even cause you to get denied.
Are you aware if any of your business credit accounts report? You can always add these codes to your business credit reporting accounts.
Let me know if you have further questions okay? All the best to you and more success in your endeavors.🤩🤓💕
@@motionzbiz5814 thanks a lot again I really appreciate it! My lawyer said he put my LLC into retail solar sales 😂 not sure what he meant but he advised me that “Upon checking in our records, your business activity is Retail: Selling Solar. The TX SOS doesn't keep track records of your company's business activity. You may use the NAICS Code you wish to use for your business activity.” I’m unsure what to do as he doesn’t seems to know much of NAICS and SIC but I’m not sure if I choose code that best align with my business for instance NAIC would be 541618 and SIC would be 8742-64. These two codes are the ones that I want do I have to have lawyer assign me them or I simply have to use these and inform my business credit bureaus to use these ones (as on business credit beureau it doesn’t say anything but simply blank in my business credit reports). Do I have to mail them letters with these codes I have selected or where do I mail it so, I can avoid any issues especially when apply for credit or funding?
@@motionzbiz5814 yes I would love to know how to update them in business credit bureaus.
This was and is very helpful. Thank you so much.
Hello Ace! @acebrown3252, thank you as well and you are most welcome. 👌🤓
I appreciate your positive feedback. Glad you found this helpful.
All the best and have a great evening!👌🤓
Choosing your NAICS code is very important, but please note that some NAICS codes are considered risky industries and that can cause you to not get business loans or LOC or very little, if you get at all.
@ChavelleMurray, correct. 👍🤓 that is the purpose of the code, an identifier for the business especially with lenders; that’s why careful selection is imperative.
Thank you!
Once you choose the correct code for your business, how do you attach it to your business?
Hello, SophiaBrown-dd8bm, you will use this code whenever you apply for credit from vendors. When you fillout the application forms. 🤩👍
Or, you can directly go to the business credit bureas , sign up and fill out company information.
Thanks for checking our this video. 🤩👍
Hello and thanks for great info! I was wondering if you know what codes a nurse can use to get approved for navy fed biz account??
Hello, @pbam5500, you are welcome.
I will research that and give you recommendations okay?
However, let me know the nature of your operation:
-are you a single member LLC or Corporation?
-Does your business involve just consulting, no hands on clinical activities?
-Do you contract services where you are 1099?
-do you do aesthetics, wellness, etc?
This can make a difference in what your NAICS code can be. 🤓
Let me know, okay? Thanks for tuning in!👍🤓
Hello I am doing a caregiving business/group homes do you know what the best code would be for that? I have been looking everywhere. I heard some codes like hospice and elderly care are not good for business credit.
Hello, @TM-ci4sp, my goodness, this comment just surfaced. My sincerest apologies, as this is a relevant inquiry. This is a month old.
I will look into this. Currently on the field, but will get back with you on this once I am on base.
Appreciate you asking. You have a very relevant business as it is a great community service doing this.
You have a blessed evening!🙏👍🤓
@motionzbiz5814 thank you! That would be amazing 😊
@TM-ci4sp, your ideal NAICS Code is:
623110- Group homes for the disabled with nursing care
And Suggested SIC Code is:
8361-Residential Care
Don’t worry about being a provider for the services you do. It is relevant to the community and there are even incentives for businesses like yours. 🤓👍
Many thanks again and i hope this helps!🤩👌
Hey I don’t remember what code or even what type of business I put it under, how can I find out that information?
Hello, @jalonbanks3293, have you used any Net 30 vendor or have any business loans or business credit cards?
The reason why I asked is that you are likely to have provided this number somewhere. The best way to check it to see which classification numbers you pit it under, is to check your business reported on Dun & Bradstreet, and business Experian. They are pretty good with reporting if any of your vendor accounts reported your business account with them.
Let me know if you found it, okay?
Thanks for checking out this vide.🤩🤓👌
how if my bussines freigth
Hello @merlinabermejo6544, is it freight?
1. Do you ship products? Like you have the truck or vehicle to transport material?
2. Or do you have an office who accepts cargo and ships it but another company does the cargo or freight like a truck or boat?
Let me know how your business operates, okay? So I can help you find an appropriate NAICS code for you.
Thanks for asking.🤩👌
How can I update my NAICS code my Nav shows one that's not relevant to my actual business?
Hello, @IMBETTERDANU, you may want to contact NAV and request that to be changed on your official company information. 🤓
They report every month and what they report can be carried through to the business Credit Bureaus.
The reporting of the update is a slow process however, because it’s up to the business Credit Bureaus to change or update that as well. And you know how they are, its very challenging to make corrections with them.
Wait a month or two and see if it will show on Dun and Bradstreet, Experian and Transunion which you can access from Nav itself.
If it does not, you can try doing that directly with the business Credit Bureaus. You can message them and they can direct you how to do it un their system.
Just be prepared for a very slow process. Just keep on it until you get results. 👌🤓
Thanks for checking out this video.🤩
@@motionzbiz5814 Thanks for the advice. I did just that and they sent me off directly to the bureau that was reporting the incorrect NAICS code. So I just filled out a form with that bureau and I'm just waiting to hear back.
@@IMBETTERDANU awesome! Thanks for sharing this update with us. 🤓👌
Have a great evening!
@@motionzbiz5814 Thanks you for all the amazing content you provide for this community.
@@IMBETTERDANU you are most welcome! Thank you for supporting this channel as well.🤓👌
Enjoy an amazing day!👌🤓
Hello , can i know the NAICS code for IT Staffing, registered as SCORP
Hello, @SreeMatreNamaha, sure! Just give me a day or two to get to it, okay? 🤓👍 I will respond.👍
@SreeMatreNamaha, just to follow up on your inquiry here, can you just provide more detail on the type of staffing you do?
1-Do you contract with companies as yourself only?
2-Do you hire IT personnel and contract them with companies?
3-Are you an IT Recruitment agency where you hire ITs and refer them to companies and you collect a finder's fee?
Just so we can target your NAICS and SIC code, okay?
But here are preliminary Codes:
561320 Contract staffing services
561320 Online temporary staffing services, including intermediary platform services
561320 Temporary staffing services
561330 Co-employment staffing services
to Elaborate:
Cross-References. Establishments primarily engaged in--
Providing human resources and human resource management services to client businesses and households--are classified in Industry 561330, Professional Employer Organizations;
Supplying farm labor--are classified in U.S. Industry 115115, Farm Labor Contractors and Crew Leaders;
Providing operating staff to perform a combination of services to support operations within a client's facilities--are classified in Industry 561210, Facilities Support Services;
Providing executive search, recruitment, and placement services--are classified in U.S. Industry 561312, Executive Search Services;
Listing employment vacancies and in recruiting, referring, or placing applicants for employment--are classified in U.S. Industry 561311, Employment Placement Agencies; and
Representing models, entertainers, athletes, and other public figures as their agent or manager--are classified in Industry 711410, Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures.
***********************
You can also target these Categories based on your operations:
2012 NAICS 2017 NAICS 2022 NAICS Corresponding Index Entries
561320 561320 561320 Construction labor supply services
561320 561320 561320 Contract staffing services
561320 561320 561320 Help supply services
561320 561320 561320 Labor (except farm) contractors (i.e., personnel suppliers)
561320 561320 561320 Labor (except farm) pools
561320 561320 561320 Manpower pools
561320 561320 561320 Model supply services
561320 561320 561320 Office help supply services
561320 561320 561320 Office supply pools
561320 561320 561320 Online temporary staffing services, including intermediary platform services
561320 561320 561320 Outplacement consulting services
561320 561320 561320 Outplacement services
561320 561320 561320 Personnel (e.g., industrial, office, health care, legal, construction) suppliers
561320 561320 561320 Temporary employment services
561320 561320 561320 Temporary help services
561320 561320 561320 Temporary staffing services
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As for the SIC Code:
SIC Code 7361 - Employment Agencies
Hope this helps. Let me know, okay?
What if my business was about short term rentals?
@ClinthHavinn, good business. 👌
There is definitely codes descriptive of your business. You can still benefit from having a NAICS code identifier for your business. Especially when you are seriius about building it up.
Thanks for watching the video.👍🤓
Hi baby thank you ...
Thanks, Tony! @tonyblack5645, thanks for tuning in!👌🤩