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One of the best ways to protect your personal assets when running a business. is to use a legally approved form of entity for your business. that protects owners against personal liability. Today, this is commonly a corporation, limited liability company or limited. partnership.
Ask in the comments. The easiest way to protect your 401(k) assets is to have a prenuptial agreement. These agreements are not just for the rich and famous â- they are a practical and valuable way for a couple to spell out how their finances will be handled during their marriage.ven if you donât have a prenup, there are a few things you can do to protect your 401(k) from being awarded to your soon-to-be former spouse.