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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 Wyoming, 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. Wyoming state statutes and federal law govern the acquisition, protection, and transfer of these assets. For instance, intellectual property is protected under federal law, while the transfer of real estate is governed by state law. Business assets are subject to taxation and must be reported accurately for tax purposes. Additionally, these assets may be used as collateral for loans and are considered when evaluating the value of a business during sales or mergers. It is important for businesses to maintain proper records of all assets for legal and financial reasons.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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Wyoming State Code

Wyoming State Code

Business

assets

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