NAICS Canada 551114—Corporate, regional and subsidiary management offices and companies

Where 551114 sits

1. 55 Management of companies and enterprises
2. 551 Management of companies and enterprises
3. 5511 Management of companies and enterprises
4. 55111 Management of companies and enterprises
5. 551114 Corporate, regional and subsidiary management offices and companies

Description

This Canadian industry comprises establishments primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise. These establishments normally undertake the strategic or organizational planning and decision-making role.

What 551114 includes

• Legal entities, known as holding companies, that in addition to holding the securities of subsidiaries and affiliates, provide them with general management and/or administrative support services.
• Corporate functions such as communications, tax planning, legal services, marketing, finance, human resources and information technology services
• General partners primarily and actively engaged in the management of partnerships, except hedge funds or similar financial vehicles

What 551114 excludes

• General partners primarily engaged in managing hedge funds or similar financial vehicles constituted as partnerships (see 52392 portfolio management (us))
• Legal entities holding the securities of companies or enterprises and operating these entities (classified according to the business operated)
• Operating manufacturers' sales offices and branches (see 41 wholesale trade)
• Passive holding companies not providing any services to their subsidiaries and affiliates other than holding their securities (see 551113 holding companies (can))
• Providing general management and/or administrative support services to non-affiliated establishments (see 561110 office administrative services)
• Providing research and development services (see 5417 scientific research and development services)

Example activities

• centralized administrative offices district and regional offices
• corporate offices
• subsidiary management offices
• ancillary management offices for multi-location enterprises
• holding companies (managing)
• general partners (managing), except portfolio management
• centralized administrative offices district and regional offices
• corporate offices
• head offices
• subsidiary management offices

551114 in other systems