propiedad de la empresa
Definition
This Spanish phrase translates to 'business property' in English, and it refers to any physical or intangible asset that a company owns and uses to operate. This includes things like your office building, equipment, vehicles, furniture, inventory, and even intellectual property like trademarks or patents.
Example
If your bakery owns its ovens, delivery van, and the building where you make your products, all of those items count as business property.
Watch Out
Keeping your personal property clearly separate from your business property is critical, because mixing the two can put your personal assets at risk if your business ever faces a lawsuit.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.