Question
Does the partial industry classification exemption apply only to establishments in the retail, services, finance,
insurance and real estate industries. (SICs 525 - 899)?
Answer
Yes, establishments classified in agriculture; mining; construction; manufacturing; transportation; communication; electric; gas and sanitary services; or wholesale trade
are not eligible for the partial industry classification exemption.
Question
Is the partial industry classification exemption based on the industry classification of my entire company or on individual establishments operated by my company?
Answer
The individual establishments. If a company has several establishments engaged in different classes of activities, some of the company's establishments may be required to keep records, while others may be exempt.