The article concerns two management concepts, namely: intellectual capital and business models of the company and is of a theoretical nature. The main assumption of the literary review conducted was to discuss these two constructs in the context of their common elements. Can a business model be analyzed in the context of intellectual capital elements? Or is it possible that intellectual capital components constitute those of a business model? This article attempts to provide an answer to these questions by taking advantage of the latest subject literature, one of key importance to this issue.