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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 South 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, printers, furniture, and warehouse shelving, as well as liquid assets like cash and inventory. Intangible assets, on the other hand, are non-physical and include items such as accounts receivable, prepaid expenses, software licenses, vendor relationships, corporate branding, 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 protections are provided under state and federal law to safeguard intellectual property and trade secrets.

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Business

assets

Wall Street Quality Legal Services Customized for Main Street Businesses

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South-Carolina State Code

Business

assets

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