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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 New Jersey, 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, brand reputation, intellectual property rights (patents, copyrights, trademarks), goodwill, and trade secrets. The valuation and treatment of these assets are governed by various state statutes and federal laws, which affect taxation, reporting requirements, and how these assets are handled during business transactions, mergers, or dissolutions. For instance, intellectual property is protected under federal law, while the transfer of real estate is governed by state law. Business owners in New Jersey must adhere to these regulations to ensure proper management and legal compliance regarding their business assets.

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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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New-Jersey State Code

New-Jersey State Code

Business

assets

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