NAICS codes are very similar to SIC codes. In fact, NAICS (North American Industry Classification System) largely replaced the SIC system in 1997. The NAICS code was developed under the North American Free Trade Agreement with the United States, Canada and Mexico. NAICS codes are 6-digit codes that identify your type of business. They use your NAICS code for various purposes to identify your industry. State securities regulators can be helpful in determining a company`s SIC number. If you can`t find a company by performing an SIC search using the SEC database, or if the company has only filed Form D with the SEC, it is unlikely that the company`s SIC code will be known. If you know the state in which a company operates, the state`s securities regulator may be able to tell you more about the company and its type of category. Visit the North American Securities Administrators Association website to find a state regulator. State regulators can also be found on the government pages of your local phone book. Companies often use SIC code lookup to identify companies in specific industries for marketing purposes. By determining the SIC code of their best customers, they can use this information to successfully attract more customers to this industry.
SIC codes are industry classification codes that are self-selected based on a company`s main line of business. It is important to choose the right SIC code for your business for many reasons, including: for state statistical purposes, taxation, classification, state and federal registration, contract, and proper identification for your business. Search results can return many company names or a single name. Search the search results to find the right company. Some search results may list the company name and SIC code together in the results. Other results may not list the CLC until you click on the document. SIC codes are printed in red. In the SIC code system, various 3rd or 4th digit codes are generally referred to as “Not elsewhere classified”. These codes usually end with the number “9”. NEC codes are residual classifications that are generally not homogeneous groups of primary activities. Therefore, for the purposes of the SIC system, they are grouped together and treated as a separate branch in order to preserve the homogeneity of the other branches of the group. Examples of NEC codes not classified elsewhere in the SIC code system.
SIC codes were created by the U.S. government in 1937 to better analyze economic activity across the country. Each code falls into one of 10 CIS divisions. A division is divided into major industry groups and industry groups into industry titles. 3rd parties like Dun & Bradstreet have developed the 8-digit SIC system to further differentiate related industry stocks. When navigating through SIC exploration, simply select the most appropriate title for each level to find your code. With these objectives in mind, the government has developed codes for business identification. Learn more about SIC codes and NAICS codes below. SIC – www.sec.gov/info/edgar/siccodes.htm for a code list or to search for a company in EDGAR applications.
The company`s SIC data is listed with the credentials. An SIC code is self-classified, and the primary code associated with your organization may change as your business evolves. If you find that a particular government agency or office is using an SIC code that does not apply to your business, it is best to contact that particular agency or office and request an update. Typically, agencies use 4-digit U.S. government SIC codes, but you may also encounter 6-, 7-, or 8-digit classifications. The SICCODE.com website provides a breakdown of each of these advanced SIC code systems to help you rank yourself. Research on competitors is always necessary when making decisions about market location, advertising or identifying a target group. The Securities and Exchange Commission`s (SEC) Electronic Data Collection, Analysis and Retrieval System is the perfect place to review the business documents of a publicly traded competitor and learn more about the company.
Most SEC documents require a Standard Industrial Classification (SIC) code, which helps classify a business by “type of business.” Use the SIC code to better understand a competitor`s business or find a complete list of competing companies in your category. SIC codes are industry classification codes based on a company`s main sector of activity. For the SIC code search by company name and to find the SIC code of a company, you can use our search function at the top of each page and search for a company. Alternatively, a search for that company`s main competitors can be useful if the company itself is not listed. It is often possible to perform an SIC code search by company name. The SEC`s Division of Corporate Finance website provides functionality that allows you to perform an SIC search using the Electronic Data Gathering Analysis and Retrieval (EDGAR) system. The SEC allows the public to consult its EDGAR system to find documents filed by companies from 1994 to the present. Enter the company name in the appropriate text box on the SEC search page and click the “Find Company” button. The Standard Industrial Classification (SIC) is a classification system that uses a four-digit code to classify a firm`s primary industry according to the firm`s highest revenue category. SIC was founded in the United States in the late 1930s and focused on American companies. The North American Industry Classification System (NAICS) was introduced in 1997. NAICS codes are used to classify businesses in the United States, as well as Canada and Mexico, as well as industries not previously covered by the SIC system.
The results will provide a list of code detail pages that provide detailed coverage of each SIC code industry. A list of codes can be found on the following websites: In the official US government SIC code system, there are a total of 1,514 codes (in the 2-, 3-digit and 4-digit levels). A very important part of the SIC code system is that the U.S. government had written in the SIC Code Manual that agencies could use additional subdivisions within certain four-digit industries to further break down industries.