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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 Indiana, as in other states, business assets encompass both tangible and intangible items that hold value for a company. Tangible assets include physical property such as real estate, machinery, vehicles, equipment, and inventory. Intangible assets, while not physical in nature, represent significant value through items such as patents, copyrights, trademarks, software licenses, and goodwill. The valuation and treatment of these assets are governed by various state statutes and federal laws, which dictate how they are to be accounted for, taxed, and handled during transactions or litigation. For instance, Indiana's tax code will determine how tangible personal property is assessed for tax purposes, while federal intellectual property laws govern the protection and infringement of patents, copyrights, and trademarks. When dealing with the sale, transfer, or disposition of business assets, it is often advisable to consult with an attorney to ensure compliance with all relevant laws and to protect the interests of the business.

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Business

assets

As a LegalFix Member Your Business Will Be an Important Client of Local Law Firms

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Indiana State Code

Indiana State Code

Business

assets

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