SIC Codes Definition
Standard Industrial Classification (SIC) codes are four-digit numbers that allow the government to efficiently categorize businesses according to industry types.
SIC Codes Expanded Definition
SIC codes are used by the IRS, U.S. Census Bureau, and other organizations. But sometimes, the more recent North American Industrial Classification System (NAICS) six-digit codes are required.
A small business may need its SIC code for bids or other paperwork. They also can help business owners locate potential customers or collaborators. The government uses them for tracking business trends or to judge if a business qualifies for a particular business opportunity.
What Is a SIC Code?
Last Updated By
Rachel Blakely-Gray | Apr 18, 2023