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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 Vermont, a business asset encompasses anything of value that a business owns or controls. Tangible assets include physical items 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 resources and rights that have value to a business. These include accounts receivable, prepaid expenses, software licenses, vendor relationships, corporate branding, and intellectual property such as patents, copyrights, trademarks, goodwill, and trade secrets. The valuation and treatment of these assets can have implications for various areas of law, including tax, corporate, and property law. For instance, the Vermont Department of Taxes would be interested in the valuation of these assets for the purposes of assessing property taxes and business income taxes, while the transfer or sale of these assets may be governed by Vermont's Uniform Commercial Code and other relevant state statutes.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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Vermont State Code

Vermont State Code

Business

assets

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