What is a 4 digit SIC code?

The Standard Industrial Classification (SIC) is a four-digit coding system that classifies companies based on their business activities. SIC codes were introduced in 1937 to standardize how government agencies collect, measure, analyze, and present statistical data on business activities.

What is a Primary Standard Industrial Classification Code Number?

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.

When was SIC last updated?

1987
The SIC system was last revised in 1987 and while it was last used by the Census Bureau for the 1992 Economic Census, many databases still include it as part of their indexing. In some cases, particularly when it comes to retail, using SIC codes is better or more efficient than using NAICS codes.

What is SIC 8?

Under SIC-8, in the period of first-time application of IASs as the primary accounting basis, the financial statements of an enterprise, including comparative information, should be prepared and presented as if the financial statements had always been prepared in accordance with the IASs effective for the period of …

How do you find the industry classification of a company?

To find out how a company is classified, go to the Business Library’s Company & Financial Information section for links to useful resources including links to the following suggested resources. Hoovers: Provides both SIC and NAICS classifications. Reference USA: Provides both SIC and NAICS classifications.

What is the Standard Industrial Classification Code?

Standard Industrial Classification. The Standard Industrial Classification SIC is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas.

How do I Find my SIC code?

Using your NAICS Code to find your SIC Code: Visit the SIC to NAICS Crosswalk Page to Find Your SIC Code. You can enter your NAICS code into the NAICS to SIC Crosswalk tool to find the corresponding SIC Codes. Where there are more than one corresponding code, simply pick the one that best describes your business activities.

Who assigns SIC codes to businesses and how?

The Bureau of Labor Statistics updates the codes every three years and uses SIC to report on work force, wages and pricing issues. The Social Security Administration assigns SIC codes to businesses based on the descriptions provided by employers under the primary business activity entry on employer ID applications.

Can I look up a SIC code by company name?

Can I look up an SIC Code by Company Name? Yes. By using the US Company Lookup Tool, you can purchase a company record that includes NAICS and SIC Information, DUNS Numbers, Company Size Information, Addresses, Phone Numbers, Contact Names, Lat/Long and More.