Is SIC code same as NAICS?

Is SIC code same as NAICS?

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 is NAICS code for LLC?

NAICS Codes that fall under 55111 – Management of Companies and Enterprises

Codes Titles Total Marketable US Businesses
55111 Management of Companies and Enterprises 79,539
551111 Offices of Bank Holding Companies 1,950
551112 Offices of Other Holding Companies 77,589
551114 Corporate, Subsidiary, and Regional Managing Offices 0

What is the SIC code for NAICS code 541600?

NAICS 541600 – Management, Scientific, and Technical Consulting Services

Occupation code Occupation title (click on the occupation title to view an occupational profile) Annual mean wage
11-9198 Personal Service Managers, All Other; Entertainment and Recreation Managers, Except Gambling; and Managers, All Other $146,570

Are Naics codes still used?

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 does Naics sic stand for?

Standard Industrial Classification
Both Standard Industrial Classification (SIC) and North American Industrial Classification System (NAICS) codes identify a firm’s primary business activity.

What happens if you don’t have a NAICS code?

What if I still can’t find my code? Contact the Census Bureau! They are the official US Government Authority who manages the NAICS Coding System. Go to and at the top highlight “Business” and click on “NAICS”.

Can a company have two NAICS codes?

NAICS codes classify businesses based on the particular product or service they supply. A business will generally have a primary NAICS code, but it can also have multiple NAICS codes if it sells multiple products and services. To find your NAICS code, view the NAICS code list at the U.S. Census Bureau.