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A business asset is any property of value—including tangible assets (real estate, machinery, buildings, building fixtures, tools, vehicles, equipment, computers, printers, furniture, warehouse shelving, cash, inventory), and intangible assets (accounts receivable, prepaid expenses, software licenses, vendor relationships, corporate brand, patents, copyrights, trademarks, goodwill, trade secrets).

In Connecticut, a business asset encompasses anything of value owned by a business, which can be tangible or intangible. Tangible assets include physical items such as real estate, machinery, buildings and their fixtures, tools, vehicles, equipment, computers, and inventory. Intangible assets are non-physical and include items such as accounts receivable, prepaid expenses, software licenses, business relationships, brand reputation, intellectual property rights (patents, copyrights, trademarks), goodwill, and trade secrets. The valuation and treatment of these assets are governed by Connecticut state statutes and federal law, which dictate how they are to be accounted for in financial statements, taxed, and handled during business transactions, such as sales, mergers, or dissolutions. Additionally, certain regulations may apply to specific types of assets, such as environmental regulations for real estate or intellectual property laws for patents and copyrights.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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Connecticut State Code

Connecticut State Code

Business

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