Code 551114 refers to NAICS Code 551114: Corporate, Subsidiary, and Regional Managing Offices. This classification is part of the broader North American Industry Classification System (NAICS), which is used to categorize businesses in the United States, Canada, and Mexico.
Understanding NAICS Code 551114
The North American Industry Classification System (NAICS) provides a common framework for the collection, analysis, and dissemination of statistical data related to business activities. Each NAICS code identifies specific industries based on their primary business functions.
NAICS Code 551114 specifically identifies establishments primarily engaged in managing and overseeing the operations of other establishments of the same enterprise or entity. These offices typically perform central administrative functions, strategic planning, and overall management for a group of related companies or their branches.
Hierarchical Structure of NAICS Codes
NAICS codes are structured hierarchically, providing increasing levels of detail as more digits are added to the code. They range from 2-digit sectors to highly specific 6-digit industries.
| NAICS Code | Description | Level |
|---|---|---|
| 55 | Management of Companies and Enterprises | Sector (2-digit) |
| 551114 | Corporate, Subsidiary, and Regional Managing Offices | Industry (6-digit) |
The 2-digit code '55' denotes the Management of Companies and Enterprises sector, which encompasses all entities whose primary activity is the management of subsidiary companies and enterprises. The addition of digits, culminating in 551114, narrows the focus to the highly specific industry of administrative and management functions carried out by corporate, subsidiary, and regional offices.
Activities and Examples of Businesses in 551114
Businesses classified under NAICS 551114 do not typically engage in the direct production of goods or services for external clients. Instead, their core function is to provide strategic direction and operational oversight to other entities within the same corporate structure.
Examples of establishments that fall under this NAICS code include:
- Corporate Head Offices: The main administrative hub for a large corporation.
- Holding Company Offices: Entities that own controlling stock in other companies and manage their overall strategy.
- Regional Administrative Offices: Offices responsible for overseeing operations within a specific geographic region for a larger enterprise.
- Centralized Management Offices: Departments or offices that provide shared services and oversight to multiple operating units or subsidiaries.
For more detailed information on NAICS codes, you can refer to official government statistical agency websites, such as the U.S. Census Bureau's NAICS page, which provides comprehensive definitions and search tools.
