Assets are generally regarded as anything of value. Thus, in a lawsuit people tend to sue for the other person's assets, including money, real estate, etc...
Not generally. The proceeds of a lawsuit is considered a refund, not income. But whatever money you set aside from your winning the lawsuit can be considered assets, of which 2% is counted as income in determining your rent amount.
Your assets are not frozen as soon as a lawsuit is filed. However, the summons you are served will advise no to use the disputed assets until the case is over.
No. They aren't.
Liability insurance. An irrevocable trust made with the help of an attorney.
The cultural heritage of Europe is considered as Europe's greatest assets.
Before initiating a lawsuit, it is quite common for an attorney to perform an asset search.Threatening a lawsuit is always considered to be in good form.
If you have lost a lawsuit, and you have no income and no assets, you might want to investigate the possibility of bankruptcy.
The penalties from a lawsuit is considered taxable income. The amount of tax depends on the amount of the settlement.
No, software licenses are intangible assets.
no
Probably, because you want to protect your business assets (and possibly your personal assets, depending on how & where your business is formed) and provide defense benefits if you are presented with a claim or lawsuit.
Any property you own is considered part of your "assets." Anything you inherit becomes your assets as soon as it is inherited.