Bob controls Acme.LLC and sets up Assets LLC. Assets LLC buys acmellc.com and leases it to Acme LLC for $1,000,000/year. Acme LLC now has less cash assets and no valuable domain name asset to loose in court. In addition there’s a $1,000,000 less net revenue to be distributed as profits among non-controlling Acme LLC shareholders and all that money went to Bob.
Setting up holding companies has been ordinary for many decades and is easy to do. It’s a practice not an industry.