The best business structure for Asset Protection often depends on various factors such as the nature of the business, the level of risk involved, and the specific goals of the business owner. Here are some commonly used business structures for asset protection:

Limited Liability Company (LLC): LLCs offer a great balance between flexibility and liability protection. They provide limited liability to their owners (members), shielding personal assets from business debts and liabilities. However, LLCs require proper maintenance and adherence to legal formalities to maintain their asset protection benefits.

Corporation: Corporations, especially C corporations, provide strong asset protection by separating personal assets from business liabilities. Shareholders are generally not personally liable for the corporation's debts. However, corporations may have more administrative requirements and formalities compared to other structures.

Limited Partnership (LP) or Limited Liability Partnership (LLP): LPs and LLPs consist of general partners who manage the business and limited partners who contribute capital but have limited liability. This structure can be beneficial for asset protection, especially for passive investors.

Trusts: Trusts are often used for asset protection, especially for high-net-worth individuals or families. Assets placed in a properly structured trust can be shielded from creditors and lawsuits, providing a layer of protection.

Asset Protection Trusts: Specifically designed for asset protection, these trusts are established in jurisdictions with favorable asset protection laws. They can offer strong protection against creditors and legal claims.

Family Limited Partnership (FLP): FLPs are often used for estate planning and asset protection within families. They can provide asset protection benefits by allowing assets to be held and managed collectively while limiting individual liability.

Professional Entities: Depending on the profession, certain entities like professional corporations (PCs) or professional limited liability companies (PLLCs) may offer specific asset protection benefits tailored to professionals such as doctors, lawyers, or accountants.

It's crucial to consult with legal and financial advisors to determine the most suitable business structure for your specific asset protection needs, taking into account legal requirements, tax implications, and long-term business goals.