Intangible assets are assets that cannot be physically touched. They must still meet the three-part test in order to be listed on the balance sheet as an asset, however, they do not have any tangible characteristics.
Do you know what intangible assets you have at your Coeur d’Alene business? Take a look at this list to check:
- A strong, recognizable brand identity
- Trained employees
- Loyal clientele
- A reliable vendor and distribution network
- A functional website
- Your in-house technology, systems, and processes
- Trademarks
- Copyrights
- Patents
- Goodwill
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