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Table 6.Selected Machinery and Equipment on Place:1974, 1969, and 1964Manufactured in previous 5 yearsAll FarmsManufactured in previous 5 yearsFarmsNumberFarmsNumberAutomobiles ___ 197d __ 1969 __
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Obtain the Standard Industrial Classification (SIC) manual or access it online.
02
Identify the primary business activity of your organization.
03
Review the list of SIC codes to find the category that best matches your business activity.
04
Make sure to choose the most specific code available for accuracy.
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The Standard Industrial Classification (SIC) is a system for categorizing industries by a four-digit code. It helps in the collection, analysis, and dissemination of statistical data related to the economy.
Businesses and organizations that engage in economic activities as defined by the SIC are required to file their SIC code, usually during tax reporting or business registration processes.
To fill out the SIC, refer to the specific SIC code manual or database to identify the appropriate code that corresponds to your business activities, and include this code in the required forms or applications.
The purpose of the SIC is to enable government agencies, researchers, and businesses to classify, analyze, and compare the economic activities of different sectors and industries.
The SIC reporting typically requires the business name, address, nature of the business activity, and the corresponding SIC code that best describes the primary business function.
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