Please I need help with this question..

What are some controls that companies use to protect their assets?

Some of the more common, legal vehicles used for asset protection include corporations, partnerships and trusts.

If you own a professional practice or business, your risk of loss and liability for claims is particularly high, making this type of business a dangerous asset. Incorporating your business or practice long has been considered the best way to insulate your personal assets from liability and seizure resulting from claims against your business. However, the limited liability company is quickly replacing the standard business or C Corporation as the asset-protection entity of choice.

If approved in your state, the LLC offers a more convenient, flexible, efficient and less-expensive alternative to the C Corporation while providing the same level of protection.
Nevertheless, in many states, certain types of business professionals cannot afford themselves all of the protections offered by the LLC. Professionals, such as doctors, lawyers, dentists and psychiatrists, to name a few, can't shield themselves from liability with either an LLC or a corporation for claims directly arising from their actions or inactions.

If the business entity cannot protect you personally, consider sheltering your personal assets in other entities, such as a family limited partnership (FLP), a trust or an LLC. Then, even if you are sued personally, at least some of your personal assets are protected within one or a combination of these entities, discouraging creditors from pursuing them.