Yahoo Canada Web Search

Search results

  1. A SIC Code describes the primary business activity of a company. With more than 10,000 unique classifications, SIC codes have been extended to create the most accurate way to target businesses. Businesses often use the SIC code lookup to identify companies within specific industries for marketing purposes.

    • What Is A Sic Code?
    • Sic Codes vs. NAICS Codes
    • Understanding Sic Codes
    • How to Find Your Sic Code
    • How to Read Sic Codes
    • Real-World Examples of Sic Codes
    • The Bottom Line

    Standard Industrial Classification (SIC) codes are four-digit numerical codes used to categorize U.S. companies by the industries in which they operate. Companies are required to use them in certain government filings. SIC codes were created by the U.S. government in 1937 to help classify and analyze economic activity across various industries and ...

    The Standard Industrial Classification codes were supposed to be replaced in 1997 by a system of six-digit codes called the North American Industry Classification System (NAICS).The NAICS codes were adopted in part to standardize industry data collection and analysis between Canada, the United States, and Mexico, which had entered into the North Am...

    The SIC system classifies the economy into 11 major divisions: 1. Agriculture, forestry, and fishing 2. Mining 3. Construction 4. Manufacturing 5. Transportation and public utilities 6. Wholesale trade 7. Retail trade 8. Finance, insurance, real estate 9. Services 10. Public administration 11. Nonclassifiable establishments These are then divided i...

    There are many different ways to find the most appropriate SIC code for your company. 1. The United States Department of Labor maintains an online system search tool to search SIC codes by keywords. 2. If you know your NAICS code, there are online resources to identify corresponding SIC codes. 3. The Security and Exchange Commission publishes the f...

    Each digit in a SIC code has a meaning. To read a SIC code, each set of digits should be independently evaluated to determine the overall meaning of the code.

    Apple Inc.'s SEC filings show its SIC code as 3571 (electronic computers). The first two digits—35—identify its major industry group as "Industrial and Commercial Machinery and Computer Equipment," while the third digit—7—narrows its industry group down to "Computer and Office Equipment" and the final digit—1—classifies it as "electronic computers....

    Standard Industrial Classification (SIC) codes for U.S. businesses were supposed to have been phased out some 27 years ago. This shorthand, four-digit descriptor of the industry in which a company operates was to have been replaced by another classification system, the North American Industry Classification System (NAICS). That didn't quite happen....

    • Elvis Picardo
  2. SIC stands for Standard Industrial Classification and NAICS stands for North American Industry Classification System. These are commonly used industry codes in the US, Canada, and Mexico. These universal numbering methods help identify the industry affiliation of a company.

  3. Jan 1, 2013 · 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.

  4. SIC Codes are based on Primary Business Activities. It is a much more general and less specific classification system than the newer NAICS Codes, especially at the official, 4-digit level. You should be looking for the code that best describes what your business does.

  5. Sep 4, 2024 · SIC codes are more than just a numeric label; they’re a key that unlocks essential information for businesses and government agencies to track trends, classify industries, and make informed decisions. While systems like NAICS have emerged, the importance and relevance of SIC codes remain.

  6. People also ask

  7. The Standard Industrial Classification (SIC) was originally developed in the 1930’s to classify establishments by industry. The purpose of this task was to promote the comparability of establishment data to describe the US Economy.

  1. People also search for