Personal assets belong to the individual, and often hold emotional or sentimental value. On the other hand, business assets are tools that fuel a business’s performance and profitability. Personal assets are the items and valuables that are intrinsically yours. They're tied to your personal life and have no official role in your business's operations.
Business assets are the resources and items that play a role in your business's operations and growth. This includes the storefront that attracts clients, the patented product design, or the loyal customer base you've built over the years. Business assets drive value to your business and are central to its functions.