property can be broadly classified in two ways: as personal property or as real property. real property includes land; interests in land; and all things that are permanently attached to the land such as: buildings, storage facilities, trees, and fixtures. personal property is any property other than real property. it may be divided into two categories. the first of these is tangible personal property property that can be moved, felt, tasted, or seen, like a coat, a piece of furniture, or a company s products. the other type of personal property is called intangible personal property property that can t be physically possessed or held in one s hand, like copyrights, patents, trademarks, or a firm s goodwill, as reflected in a company s balance sheet. while it s important to a businessperson to fully understand what personal property is, the different types of personal property, it s even more important to know how personal property can becquired and protected. there are