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NAICS code 523991 trust is typically needed by individuals, organizations, or businesses engaged in activities related to trust, fiduciary, and custody activities.
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NAICS code 523991 refers to 'Trusts, Estates, and Agency Accounts' which includes establishments primarily engaged in managing trusts and estates, as well as those administering agency accounts.
Entities that operate as trusts or estates, including fiduciaries and agencies handling trust assets, are typically required to file under NAICS code 523991.
To fill out NAICS code 523991, businesses must provide information regarding their operations related to trusts and estates, and select the appropriate code on business forms or tax filings.
The purpose of NAICS code 523991 is to classify businesses that manage trusts and estates for statistical and administrative purposes, enabling better data collection and analysis.
Businesses must report details regarding the nature of their trust and estate management activities, including income generated from these activities and employee information.
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