Whats In an Asset?

Intangible Assets 101

Your business has many assets, or things that hold value. Profit is an asset, as is real estate that you own, company cars, and other resources. These are all easily seen and identified.

Some assets in a business cannot be seen-- those are known as intangible assets

Intangible Assets

Resources that add value to the business organization that might not be visible or easily identfified.

Intangible Assets

Trademarks, copyright, noncompete agreements

Customer lists, relationships

Artistic works: books, music, pictures, movies, television shows

Patents, licenses, trade secrets, intellectual property

Intangible Assets: Categories

Intangible assets are generally lumped into the following categories:

Contract-based assets

Artistic-related assets

Customer-related assets

Marketing assets

Trade secrets/Intellectual property

Determining Value

Tangible assets are easy to value

Intangible assets take a little more investigation. Determining the value of a non-physical entity can be a challenge.

Determining Value

Intangible assets are important to the overall value of your business.

Without accurate valuation, you could be wrong about your entire businesss worth.

Determining Value

The best option is to utilize professional consulting services.

Consultants know all about business valuation, including how to determine values for intangibles.

Its hard to put a price on a concept or idea, but it is necessary to get an accurate picture of business value and to ensure that an organization is aware of what it is worth.

To learn more about business valuation & assets. Visit the given link: www.cbs-cbs.com/business-valuation-services

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