71141 - Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
In the dynamic world of arts, entertainment, and sports, professional representation is essential for success. NAICS code 71141 specifically identifies the industry of agents and managers who navigate the complexities of careers for artists, athletes, entertainers, and other public figures. Whether negotiating contracts, securing appearances, or managing business affairs, these professionals play a pivotal role in shaping public personas and maximizing career opportunities.
What is NAICS Code 71141?
NAICS 71141 covers establishments primarily engaged in representing and managing talent in various public domains such as music, sports, acting, and entertainment. This industry segment includes agents and managers who work closely with their clients to foster growth and handle essential business negotiations on their behalf.
Definition:
- Establishments primarily engaged in representing and managing artists, athletes, entertainers, and other public figures.
- Services include negotiating contracts, arranging public appearances, and handling personal business affairs for clients.
Sector: Arts, Entertainment, and Recreation
NAICS 71141 is part of the broader Arts, Entertainment, and Recreation sector, which encompasses various creative and performance-related businesses. Within this sector, agents and managers specialize in guiding the careers of talent by providing expertise, industry insight, and negotiation skills.
Typical Business Activities Include:
- Representing actors, musicians, and other artists through talent agencies.
- Managing professional athletesâ contracts and endorsements.
- Handling booking arrangements, publicity, and public relations for entertainers.
- Negotiating media appearances, sponsorship deals, and licensing agreements.
Size Standards for Eligibility
For government contracting and SBA purposes, the Small Business Administration defines size standards that apply to businesses within this NAICS code:
- Size Standard: $16.5 million in average annual receipts
- Businesses with revenues below this threshold qualify as small businesses for federal programs, including contracting opportunities.
Examples of Businesses in NAICS 71141
- Talent Agencies representing actors, singers, and performing artists.
- Sports Agents managing professional athletesâ contracts and endorsements.
- Entertainment Managers coordinating public relations, appearances, and career development for celebrities and entertainers.
- Agencies and individual managers offering comprehensive business management services for public figures.
NAICS Code 71141 Details
| NAICS Code | Title | Sector | Description | Size Standard (Receipts) |
|---|---|---|---|---|
| 71141 | Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | Arts, Entertainment, and Recreation | Establishments primarily engaged in representing and managing artists, athletes, entertainers, and other public figures by negotiating contracts, arranging appearances, and handling business affairs | $16.5 million |
FAQs about NAICS Code 71141
What types of professionals fall under NAICS 71141?
This industry includes agents and managers representing artists (musicians, painters, actors), athletes (professional and amateur), entertainers (comedians, performers), and other public figures (influencers, speakers).
How do agents and managers differ in this industry?
- Agents primarily negotiate contracts and secure work opportunities.
- Managers typically provide broader career guidance, public relations, and business management.
Can a small business qualify under NAICS 71141 for government contracting?
Yes. If the business has average annual receipts less than $16.5 million, it qualifies as a small business under SBA size standards for this NAICS code.
Are all talent agencies included in NAICS 71141?
Most talent agencies representing artists and entertainers are included, but agencies specializing exclusively in literary or sports promotion may fall under related NAICS codes.
How can businesses use NAICS code 71141?
Businesses use this code to classify their economic activities for government contracting, licensing, taxation, and compliance. It also helps clients identify appropriate representatives for their careers.
Conclusion
NAICS code 71141 - Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures is essential for capturing the vital role of talent representatives in the arts, entertainment, and sports industries. Whether youâre a business owner looking to classify your services or a public figure seeking professional management, understanding this industry classification offers clarity and insight into an exciting and influential sector.
Optimizing your business profile with this NAICS code can open doors to relevant federal opportunities and establish credibility in the market. Whether negotiating deals or managing public affairs, agents and managers under NAICS 71141 make careers thrive.
Keywords: NAICS code 71141, agents and managers, talent agencies, sports agents, entertainment managers, arts sector, government contracting, small business size standards
