How can a business entity with limited liability provide me with asset protection?

A business entity with limited liability offers significant asset protection benefits. By placing your assets in such an entity, if you have a personal creditor, the creditor’s recourse would be limited to a charging order against your interest in the said entity. The creditor would not have any control over the company but would only be entitled to receive distributions, if any, that are made. As the manager of the entity, you would retain control over when distributions are made and have the ability to stop distributing funds. Furthermore, by transferring an asset to this entity, you would effectively shield any liabilities associated with that asset from your other assets. As a creditor of the entity, one would only be able to obtain the assets held within the entity to satisfy their judgment.