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 Nebraska, a business asset encompasses anything 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, and intellectual property rights like patents, copyrights, trademarks, and trade secrets. The valuation and treatment of these assets are governed by Nebraska state statutes and federal law, which dictate how they are to be accounted for in financial statements, taxed, and how they can be used as collateral for loans. Additionally, when a business is sold or transferred, these assets are typically part of the valuation of the business. Intellectual property rights are protected under federal law, while the transfer and recording of real estate are governed by state laws. Nebraska's Uniform Commercial Code (UCC) also provides a framework for the treatment of personal property and secured transactions involving business assets.