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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 Hawaii, as in other states, a business asset encompasses anything of value that a business owns or controls. Tangible assets include physical items such as real estate, machinery, buildings and their fixtures, tools, vehicles, equipment, computers, and inventory. Intangible assets, on the other hand, are non-physical and include items such as accounts receivable, prepaid expenses, software licenses, business relationships, brand recognition, and intellectual property like patents, copyrights, trademarks, and trade secrets. The valuation and treatment of these assets are governed by Hawaii 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 or mergers. Additionally, specific regulations may apply to certain types of assets, such as environmental regulations for real estate or intellectual property laws for patents and copyrights.

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Business

assets

Wall Street Quality Legal Services Customized for Main Street Businesses

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Hawaii State Code

Hawaii State Code

Business

assets

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