What is the SIC Code and NAICS Code?
Standard Industrial Classification (SIC) How to use SIC codes to your company’s advantage (Source: Patricia Flinsch-Rodriguez) The Standard Industrial Classification was created by the United States government as a means of classifying industries by the use of a 4-digit coding system to collect economic data on businesses. A SIC code directory can be a useful tool for enhancing your business if you know how to use it. Conducting company research by targeting the results to standard industrial classification code is the most efficient use of your resources. Most establishments conduct business across several SIC codes, and so the entity may have multiple SIC code listings. Company SIC codes are self-reported which means that they are obtained from information the business establishment provided on census or survey reports. Listed below are just some of the ways that you can use company SIC codes. North American Industry Classification System (NAICS) The North American Industry Classific
