Powered by LevrNAICS 541110: Offices of lawyers
NAICS 541110 is the industry code for offices of lawyers. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 541110 covers
Offices of lawyers provide legal advice and representation, including law firms and solo attorneys. It covers every practice area, from personal injury to corporate law.
Included in this code
- Law firms
- Solo attorneys
- Legal aid societies
- Prosecutors in private practice
Not this code
- Paralegal services: see 541199 All other legal services
- Title offices: see 541191 Title abstract and settlement offices
- Notaries: see 541120 Offices of notaries
Businesses that use 541110
Financing for this trade
Law firms use lines of credit, SBA 7(a) loans and litigation funding. Lenders review receivables and case pipelines.
Apply for funding with AIIs 541110 the right code for a law firm?
Yes, if you practice law. Paralegal services and process servers use 541199, and title offices use 541191. If your work overlaps, also read the definitions for 541199 (all other legal services) and 541191 (title abstract and settlement offices), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 541110?
The SBA size standard for 541110 is $15.5M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A law firm at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing do law firms use?
Lines of credit bridge receivables, SBA 7(a) loans fund practice purchases, and contingency firms use case cost loans and litigation funding. Lenders look at collections and case pipelines. Expect lenders to ask for receivables and payables agings, recent bank statements and a debt schedule, which also help a broker match the request to the right lender quickly.
What does NAICS 541110 cover?
Offices of lawyers. Industry level code in NAICS 2022, under 54 Professional, scientific, and technical services, 541 Professional, scientific, and technical services, 5411 Legal services, 54111 Offices of lawyers.
What financing do NAICS 541110 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 541110?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.