Select your state

Business

assets

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 Florida, a business asset encompasses both tangible and intangible items of value owned by a business. 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 classification and treatment of these assets can have implications for taxation, accounting, and legal matters. For instance, the sale or transfer of certain business assets may be subject to Florida's sales and use tax. Additionally, intangible assets like trademarks and patents are protected under federal law and, in some cases, state law, and require proper registration and maintenance to ensure protection. Business owners often seek guidance from an attorney to navigate the complexities of managing, transferring, and protecting these assets.

Legal Articles

State Statutes

Wall Street Quality Legal Services Customized for Main Street Businesses

Wall Street businesses can often absorb great financial losses and plan to make it up in the next quarter. But for Main Street businesses, one legal misstep can lead to financial ruin for the company—and often for its owners. There are countless legal issues that, if mishandled, can lead to loss of customers, loss of revenue, loss of intellectual property, loss of employees, or loss of insurance coverage—and sometimes loss of your investment.

Don't be penny wise and pound foolish—for less than $1.00 per day, you can buy a LegalFix Small Business Legal Plan and get prompt access to a wide range of legal services from a law firm in your state.

Business

assets

Wall Street Quality Legal Services Customized for Main Street Businesses

Articles

Florida State Code

Florida State Code

Business

assets

Articles