What are SIC codes and NAICS codes?
Standard Industrial Classification Codes (SIC Codes) identify the primary line of business of a company. It is the most widely used system by US government, public, and private organizations. North American Industry Classification System (NAICS Codes) is the alternative code structure, updated every 5 years.
What does sic stand for?
Standard Industrial Classification (SIC) codes are four-digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity…
What is the sic classification system?
The classification covers all economic activities. (See: What is a NAICS Code?) The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries.
What if my sic code doesn’t apply to my business?
If you find a specific agency or government office is using a SIC Code that doesn’t apply to your business, it is best to contact that specific agency/office and request an update. Typically, agencies will use SIC Codes at the 4-digit U.S. Government level, but you may encounter 6, 7,…
What does NEC-not elsewhere classified mean in certain SIC code titles?
What does NEC – Not Elsewhere Classified mean in certain SIC Code titles? In the SIC Code system, miscellaneous 3rd or 4th digit codes are usually designated with the term ‘Not Elsewhere Classified’. These codes typically end in the number “9”.
Why choose sic for online classes?
SIC has been rated among the top 150 community colleges in the nation by The Aspen Institute. We take pride in bringing the same engaging classes to our online students with the extra flexibility they need to succeed. SIC offers affordable tuition and fee rates for online/distance learning courses. Learn more>
What are some of the most popular uses of SIC code?
Here are some of the popular uses: 1 SIC Code business lists can be integrated into all of the top CRMs. 2 Identify your best clients’ primary industry and target similar businesses. 3 Tap into a database of 15 million verified business records arranged by specific industries 4 Email campaigns, mailing campaigns, phone campaigns, and more