NIC 643301 classifies trusts (other than family trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement as a final six-digit...
2 of 4 factors passing
NIC 643301 is the final six-digit endpoint for Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement. It should be selected only when the enterprise's primary business activity matches this title more closely than 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity, 643304 Venture companies where the only financing is by shares and no fee is received.
Choose 643301 only when operations, invoices and revenue narrative align with Trusts (other than family Trusts), estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement. If the activity also includes 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity, 643304 Venture companies where the only financing is by shares and no fee is received, compare those pages before filing.
Use the code that matches the service actually provided. Financial intermediation, insurance, real estate, legal, accounting, consulting, engineering, advertising and R&D are separated into different professional service families.
Usually the firm's own service determines the NIC code, not the client's industry. For example, a consultant serving manufacturers is still a consulting or professional service business if advice is the revenue activity.
Check the parent hierarchy, compare 643302 Activities of companies holding financial assets for individuals and families (family trusts), home office, 643303 Activities of shareholding companies, not owning controlling levels of equity, 643304 Venture companies where the only financing is by shares and no fee is received, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.
A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.
Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.
NIC 643301 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.
Official NIC 2025 Excel and PDF from MoSPI.
2026-04-21 from the generated NIC 2025 source layer used in this build.
This is an independent reference tool. Verify filing-critical decisions in official sources.