If you own patents, copyrights, or other intellectual property, you may need to calculate your tangible net worth.
Consider using our to track your net worth automatically.
Examples include brand name, customer loyalty, patents, and employee knowledge.
Assets are everything that you own that can be converted into cash.
How is one better than the other? Tangible net worth is calculated by subtracting intangible assets from total net worth.
Tangible Versus Intangible Assets The difference between net worth and tangible net worth calculations is that the former includes all assets, and the latter subtracts the assets that you cannot physically touch.