Business Asset: An asset associated with a self-employment business.

Business assets include items such as machinery, equipment, inventory, vehicles, buildings and cash held in the bank.

Ownership of the Business Asset is captured via Ownership evidence.

Example

Linda Smith is self employed and owns the building where her business is located. Linda Smith also has equipment and cash in her business. A case worker creates Business Asset records for the building, equipment and cash, and associates them with Linda Smith's Self Employment. Linda Smith is the owner of the business assets which are captured on Ownership.