Are SIC and NAIC codes the same?

SIC and NAICS codes are two closely related business classification systems used by both the public and private sectors to classify businesses. However, SIC codes are less standardized and more used by the public sector, while NAICS codes are more accurate and used by the government as well as internationally.

What replaced SIC codes?

North American Industry Classification System (NAICS)
Though the North American Industry Classification System (NAICS) officially replaced the Standard Industrial Classification (SIC) code system in 1997, both systems are still in use today and there is still confusion about which code to use and when to use it.

What is the SIC code for online sales?

Online Sales – ZIP 35811, NAICS 541990, SIC 8999.

Where do I find SIC and NAICS codes?

Here are two ways to find SIC and NAICS Codes: Search the official government SIC and NAICS manuals online to locate codes and industry descriptions. Use the search box to find an NAICS code by keyword. Or, click the link to a specific NAICS manual (2012, 2007 or 2002) to drill-down to a NAICS Code by industry sector.

What is the SIC code for a nonprofit organization?

Establishments primarily engaged in the management of the funds of trusts and foundations organized for religious, educational, charitable, or nonprofit research purposes.

How do I change my company’s SIC code?

There’s one way to update your company’s SIC code; you need to file a confirmation statement. You can either wait until your confirmation statement is due (a company’s first confirmation statement is due 1-year and 14-days after incorporation) or you can file an early confirmation statement.

How do I find out what my NAICS code is?

To identify the NAICS Code being used for a specific company, visit the US Company Lookup Tool by NAICS.com. To identify the proper code for your company, use the NAICS SEARCH TOOLS to identify the code that best reflects your primary business activity (revenue producing activity.)

What is SIC code 5961?

Establishments primarily engaged in the retail sale of products by television, catalog, and mail-order. These establishments do not ordinarily maintain stock for sale on the premises.

What is the SIC code for retail?

5999
Industry: 5999—Miscellaneous Retail Stores, Not Elsewhere Classified.

What is the difference between SIC and NAICS codes?

SIC Codes and NAICS Codes Defined 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.

How many restaurants have SIC codes in the US?

Altogether, there are about 650,000 companies with SIC and NAICS codes for restaurants in the US, according to Dun & Bradstreet. For more analysis on the manufacturing industry sector and for a complete list of SIC codes and NAICS codes, see D&B Hoovers industry insights for manufacturing.

What does NAICS mean?

The North American Industry Classification System (NAICS) was introduced in 1987 as a replacement for SIC codes and now serves as the standard for the three NAFTA countries of Mexico, Canada and the US.

How do I find a list of NAICS codes and descriptions?

Click on the tab titled Gross Business Income. Select the years, NAICS, and output format. For a list of NAICS codes and descriptions, click on the link titled “…list of NAICS…” Table 2 – Summary of Excise Tax Return (Provides a summary of the Department’s excise tax return for a particular time period.)