Business assets are any tangible or intangible resources owned by a company that have value and can generate an income. This includes physical items such as buildings, machinery, raw materials, equipment and cash, as well as intellectual property such as patents and other forms of knowledge. It also includes financial assets such as stocks and bonds. A business assets list is simply a detailed record of all the resources owned by a company – a way to keep track of what it possesses so that it can identify its strengths and weaknesses, plan for the future, and maximize profits. It’s the first step to success in any business venture.