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Accommodation and Food Services sector comprises establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption. The sector includes both accommodation and food services establishments because the two activities are often combined at the same establishment.

The Administrative and Support Services sector comprises establishments engaged in activities that support the day-to-day operations of other organizations. Activities performed include: office administration, hiring and placing of personnel, document preparation and similar clerical services, solicitation, collection, security and surveillance services, cleaning, and waste disposal services.

The Arts, Entertainment, and Recreation sector includes a wide range of establishments that operate facilities or provide services to meet varied cultural, entertainment, and recreational interests of their patrons.

The Construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems). Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector.

The Education Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. They may also offer food and/or accommodation services to their students.

The Health Care and Social Assistance sector comprises establishments providing health care and social assistance for individuals. The sector includes both health care and social assistance.

The Financial Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions.

The Health Care and Social Assistance sector comprises establishments providing health care and social assistance for individuals. The sector includes both health care and social assistance.

The Manufacturing sector comprises establishments engaged in (a) producing and distributing information and cultural products, (b) providing the means to transmit or distribute these products as well as data or communications, and (c) processing data.

The Other Services sector comprises establishments engaged in providing services not specifically provided for elsewhere in the classification system. Establishments in this sector are primarily engaged in activities, such as equipment and machinery repairing, promoting or administering religious activities, grantmaking, advocacy, and providing drycleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, temporary parking services, and dating services.

The Public Administration sector consists of establishments of federal, state, and local government agencies that administer, oversee, and manage public programs and have executive, legislative, or judicial authority over other institutions within a given area. These agencies also set policy, create laws, adjudicate civil and criminal legal cases, provide for public safety and for national defense. In general, government establishments in the Public Administration sector oversee governmental programs and activities that are not performed by private establishments.

The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.

The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The modes of transportation are air, rail, water, road, and pipeline.

The Wholesale Trade sector comprises establishments engaged in wholesaling merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The merchandise described in this sector includes the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing.

For more information about NAICS visit: U.S. Census Bureau Website

Legal Structure refers to the way your business will be organized based on your plans for ownership, management, financing, and legal liability. When choosing a legal structure consult legal, accounting, and tax professionals, as each structure has a number of implications for your business.

A C Corporation is its own unique entity, separate and apart from those who own it. Owners become shareholders. The corporation assumes a separate legal and tax life from its shareholders and is managed by a board of directors.

An S Corporation is a corporation that has elected to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. The income or loss of the corporation is passed on to the shareholders, who report it on their individual income tax returns. This differs from a C Corporation, which faces double taxation, meaning both the corporation's profits and shareholders' dividends are taxed.

A Limited Liability Company (LLC) combines aspects of a corporation and a partnership and offers limited financial obligation to its owners. A shareholder in the company is not personally liable for any of the debts of the company other than the value of his investment in the company. Owners in this legal structure are members, and the duration of the LLC is usually determined when the organization papers are filed.

A Limited Liability Partnership (LLP) is a legal structure in which the liability and management role of partners is limited based on their investment in the business. All partners in an LLP must be licensed professionals under Title 8 of the New York State Education Law, engaging in their licensed trade or discipline on behalf of the business.

Non-Profits are corporations formed to carry out a charitable purpose. Not-For-Profits do not pay Federal or State income taxes on profits made through activities that carry out its objectives. The most common Federal tax exemption for Not-For-Profits comes from Section 501(c)(3) of the Internal Revenue Code.

A Partnership is an entity in which two or more people form a business together and share control and ownership according to a predetermined agreement. Each partner is personally liable for any business debt or claim, even if it is incurred by the other partner. Each partner is taxed individually on their personal tax returns for their share of the business' income.

A Sole Proprietorship is a legal structure in which one person starts and owns a business. Sole proprietors have unlimited liability and are legally responsible for all debts against the business. Profits from the business flow directly to the owner's personal tax return.

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