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The University of AkronNACIS Defined SIC Displease use the largest number when identifying your primary business.
SIC
Type Code
Description
USA 32791 Abrasive Product Manufacturing
USA 721
Accommodation
USA
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How to fill out nacis defined sic codes
How to fill out NAICS-defined SIC codes:
01
Research: Start by understanding the purpose and function of NAICS (North American Industry Classification System) and SIC (Standard Industrial Classification) codes. Familiarize yourself with the industry sectors and their corresponding codes.
02
Determine the appropriate code: Identify the primary activities of your business or organization. Review the NAICS or SIC code directories to find the code that best matches your industry. These directories can be found online or obtained from various governmental or industry-specific organizations.
03
Verify accuracy: Once you have identified the code, double-check its accuracy. Make sure it aligns with your business activities without any discrepancies. It's important to use the most precise and specific code available to accurately represent your industry.
04
Update documentation: Ensure that all necessary paperwork has the correct NAICS/SIC code. This may include business licenses, permits, tax forms, and other relevant documents. Update these records accordingly to reflect the accurate code.
05
Communicate with stakeholders: If you are a supplier or service provider, share your NAICS/SIC code with relevant partners, clients, or customers. This code acts as a standardized identifier, helping others understand your industry and facilitating communication and business transactions.
Who needs NAICS-defined SIC codes:
01
Entrepreneurs and startups: When establishing a new business, it is crucial to assign the appropriate NAICS or SIC code to accurately define the industry and attract potential investors, partners, and customers.
02
Government agencies and organizations: NAICS and SIC codes are widely used by government bodies for statistical analysis, monitoring economic trends, and categorizing industries for regulatory purposes. Government agencies rely on these codes to effectively allocate resources and implement policies.
03
Market researchers and analysts: Professionals in the field of market research and analysis utilize NAICS and SIC codes to identify industry trends, measure market share, and conduct competitive analysis. These codes help researchers segment and compare industries, making data analysis more efficient and accurate.
04
Trade associations and industry organizations: Associations and organizations representing specific industries often rely on NAICS and SIC codes to categorize their members and provide industry-specific resources and support. These codes help ensure that businesses within the same industry can connect and collaborate effectively.
05
Business consultants and advisors: Consultants and advisors use NAICS and SIC codes to assess and understand their clients' industries. These codes aid in market research, benchmarking, and industry-specific insights, enabling consultants to provide tailored recommendations and support to their clients.
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