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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 North Carolina, a business asset encompasses both tangible and intangible items that hold value for a business. Tangible assets include physical property 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 with vendors, the corporate brand, and intellectual property rights like patents, copyrights, trademarks, and trade secrets. The valuation and treatment of these assets are governed by 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, certain regulations may apply to the protection and transfer of intellectual property and other intangible assets.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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North-Carolina State Code

North-Carolina State Code

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Business

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