Lately, I’ve gotten a lot of emails and messages about NACIS and SIC codes. This is great, because it means that more and more Cutting for Business readers are incorporating their business in their state. (Still need to incorporate yours? Get information about whether you have a business or a hobby in this post and how to get started in your state in this post.) Now, onto these codes!
What are NAICS and SIC codes?
NAICS stands for North American Industry Classification System and was launched in 1997 to replace the SIC, or Standard Industrial Classification System. The purpose of the system is for the US Federal government is to categorize businesses for the purpose of publishing statistical data.
How do you find codes for your business?
There is a searchable database located at this link. It is important to note that businesses are not assigned an NAICS code. Instead, the business owner chooses the code that is most relevant to their primary business activity. (In plain English – if you do more than one thing in your business – choose the code that represents what brings in the most money.)
Where would you use the NAICS code?
When completing official paperwork, some forms will ask for the NAICS code.
Popular Codes for Silhouette and Cricut Businesses
- 454111 – Electronic Shopping
- 454110 – Electronic Shopping and Mail-Order Houses
- 454390 – Other Direct Selling Establishments
- 315990 – Apparel Accessories and Other Apparel Manufacturing
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