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A business asset will be an asset that the court will take into account when assessing a fair division of all marital property.
So yes it will be something that a spouse could potentially have a share in.
Normally business assets are offset against personal assets to minimise disruption to the business in my experience, so the person with the share in the business would potentially keep it but perhaps then take a smaller share of the personal assets as a result.
I hope this assists?