55111 Management of Companies and Enterprises

Official definition

This industry comprises (1) establishments primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• Establishments primarily engaged in holding the securities of companies or enterprises and operating these entities are classified according to the business operated.
• Establishments primarily engaged in holding the securities of depository banks and operating these entities are classified in Industry Group 5221, Depository Credit Intermediation.
• Establishments primarily engaged in patent buying and licensing are classified in Industry 53311, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).
• Establishments primarily engaged in providing a range of day-to-day office administrative services for other companies or enterprises on a contract or fee basis are classified in Industry 56111, Office Administrative Services.
• Establishments primarily engaged in providing a single service to other establishments of the company or enterprise, such as trucking, warehousing, research and development, and data processing, are classified according to the service provided.
• Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration.

Source: US Census Bureau, 2022 NAICS cross-references.

Codes in 55111

• 551111Offices of Bank Holding Companies
• 551112Offices of Other Holding Companies
• 551114Corporate, Subsidiary, and Regional Managing Offices