A Title Plant refers to a database containing indexed records of information about the ownership and transaction history of a property. The records facilitate easy tracking of the history of ownership of a parcel of land. Title plants are the main documents used by companies to issue title insurance policies. In business valuation analysis, title plants qualify as intangible assets because they can be recognised, separated, and the associated economic benefits can be accurately measured. Intangible assets are a class of assets without physical form which can generate significant value to owners. In determining the fair market value of a title plant, business valuation analysts apply techniques under income, market and asset methods.