Before setting up your content creation business, you will need to incorporate your business. During the company incorporation process on Companies House, you will need to provide your company’s SIC code based on the nature of your business and services. There are over 600 SIC codes to choose from which can be overwhelming. This article explains what a SIC code is and how to choose one for your new content-creating company.
What are standard industrial classifications?
A Standard industrial classification code (SIC code) is a five-digit business code which describes a company’s economic activities and business services. These codes help the Office for National Statistics (ONS) track the state and growth of United Kingdom (UK) companies. The condensed UK SIC code list maintained by Companies House is available on the gov.uk website. A private limited company (the most popular type) can have multiple SIC codes. Dormant companies and non-trading companies are also required to have a SIC code.
Your content creation business can have multiple SIC codes if it has multiple business activities. SIC codes can also be updated via a confirmation statement if ever the business’ activities evolve.
What is a content creation business?
A content creation business can involve creating, designing and distributing content for all types of media social media channels. Content can be in the form of text, pictures, videos, infographics, blog posts and many more.
What SIC code should I use for my content creation business?
As you will be aware, content creation can be a broad industry group with a variety of different related activities and services. For example, some agencies might focus on producing content material as part of their service, others might provide more creative services such as editing and fact-finding and some might focus on the distribution of content.
Choosing a SIC code for all these activities is therefore not an easy task. To choose the SIC code for your agency you might want to consider firstly whether your business will be heavily involved in advertisements. If this is the case, you might put SIC code 73110 which covers advertising agencies. Conversely, if your marketing agency is heavily consultancy based, the SIC code 70229 might be more appropriate as this concerns management consultancy activities other than those relating to financial management.
These SIC codes might still not resonate with your marketing business plan. If this is the case, you might want to consider using the SIC code 62090 which includes business lists that cover other information technology service activities, such as content creation.
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The opinions on this page are for general information purposes only and do not constitute legal advice on which you should rely.