SIC Codes are no longer assigned by the US Government as they have been replaced by NAICS (North American Industrial Classification System). The SEC does not assign codes, however, when a company registers their IPO, they will select an SIC code by assessing its primary source of revenue.
Who determines your SIC code?
The Bureau of Labor Statistics updates the codes every three years and uses SIC to report on work force, wages and pricing issues. The Social Security Administration assigns SIC codes to businesses based on the descriptions provided by employers under the primary business activity entry on employer ID applications.
Which is an example of a business activity code?
115310 – Support activities for forestry Mining 211110 – Oil and gas extraction 212110 – Coal mining 212200 – Metal ore mining 212310 – Stone mining and quarrying 212320 – Sand, gravel, clay, etc. mining and quarrying 212390 – Other nonmetallic mineral mining and quarrying 213110 – Support activities for mining Utilities
What are the business activity codes in England?
722300 – Special food services (including food service contractors & caterers) Administrative & Support and Waste Management & Remediation Services Administrative & Support Services 561430 – Business service centers (including private mail centers & copy shops) 561740 – Carpet & upholstery cleaning services 561440 – Collection agencies
What are the business activity codes for forestry?
562000 – Waste management & remediation services Agriculture, Forestry, Hunting, & Fishing 112900 – Animal production (including breeding of cats and dogs) 114110 – Fishing 113000 – Forestry & logging (including forest nurseries & timber tracts) 114210 – Hunting & trapping Support Activities for Agriculture & Forestry
What are the IRS principal business activity codes?
This list of Principal Business Activities and their associated codes is designed to classify an enterprise by the type of activity in which it is engaged to facilitate the administration of the Internal Revenue Code. These Principal Business Activity Codes are based on the North American Industry Classification System.
