If you’re in the mobile app industry, you may have heard about SIC codes. SIC stands for Standard Industrial Classification and is a system used by the government to classify businesses into different industries.
Each industry is assigned a specific code to help with data analysis and tracking. But what is the SIC code for a mobile app? Let’s dive in.
What are SIC codes?
SIC codes were first introduced in 1937 and have since been updated multiple times to reflect changes in the economy and new industries. The codes consist of four digits that represent a specific industry or business sector. For example, the SIC code for restaurants is 5812.
Why are SIC codes important?
SIC codes are important because they help with data analysis and tracking. They provide information about the types of businesses operating within different industries, which can be useful for market research, economic analysis, and government statistics. Additionally, some government agencies require businesses to provide their SIC code when registering or filing reports.
What is the SIC code for a mobile app?
Unfortunately, there isn’t a specific SIC code for mobile apps. This is because the concept of mobile apps didn’t exist when the system was created in 1937. Instead, mobile apps fall under broader categories such as software development (SIC code 7371) or telecommunications (SIC code 4813).
What should you do if your business doesn’t fit into an existing SIC code?
If your business doesn’t fit into an existing SIC code, you can request a new one from the government. The process involves submitting a detailed description of your business operations along with supporting documentation. However, keep in mind that this can be a lengthy and complicated process.
While there isn’t a specific SIC code for mobile apps, they can be classified under broader categories such as software development or telecommunications. SIC codes are important for data analysis and tracking, but if your business doesn’t fit into an existing code, you can request a new one from the government.