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Noel Santos
Emmanuel A. Santos JD CPA, Incorporated
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Email: noel@eas-cpa.com
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Often referred to as IP, intellectual property represents the ownership and rights to creative work.
Intellectual property can be used for various reasons, such as branding and marketing, and to protect assets that give a competitive advantage. Intellectual property can be bought and sold just like tangible assets.
When a business plans to sell its intellectual property, a valuation expert is hired to help determine a reasonable selling price. This calculation may be based on the income, market, or cost method to develop the IP, depending on your company’s industry, the economy, and the demand for the asset.
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