What is Personal Property for a Business? 

A business, like a person or a family, can have personal property. The types of property that a business owns is slightly different from that of an individual, and the tax issues involved with business property are also different. 

 

Personal property for an individual or business is property owned by that person or business which is movable and is not affixed to or associated with the land.

 

Basically, personal property is everything except real property (land and buildings).