WHY IP? Intangible assets are generally more valuable than tangible assets. In 1982, approximately 62 percent of corporate assets in the US were physical assets. By 2000, it shrunk to 30 percent. ftp://ftp.wipo.int/pub/library/ebooks/wipopublications/wipo_pub_888_1.pdf. Investors today prefer to invest in companies with fewer physical assets. Uber doesn’t manage a fleet of cars. https://hbr.org/2016/09/investors-today-prefer-companies-with-fewer-physical-assets.
Personally I’ve had income and deductions from my IP for 22 years. Each aspect of our law firm (land, tax, business, and estates) deals with intellectual property assets.