Factory pattern in C#: How to ensure an object instance can only be created by a factory class?

You can make the constructor private, and the factory a nested type:

public class BusinessObject
{
    private BusinessObject(string property)
    {
    }

    public class Factory
    {
        public static BusinessObject CreateBusinessObject(string property)
        {
            return new BusinessObject(property);
        }
    }
}

This works because nested types have access to the private members of their enclosing types. I know it's a bit restrictive, but hopefully it'll help...

Looks like you just want to run some business logic before creating the object - so why dont you just create a static method inside the "BusinessClass" that does all the dirty "myProperty" checking work, and make the constructor private?

public BusinessClass
{
    public string MyProperty { get; private set; }

    private BusinessClass()
    {
    }

    private BusinessClass(string myProperty)
    {
        MyProperty = myProperty;
    }

    public static BusinessClass CreateObject(string myProperty)
    {
        // Perform some check on myProperty

        if (/* all ok */)
            return new BusinessClass(myProperty);

        return null;
    }
}

Calling it would be pretty straightforward:

BusinessClass objBusiness = BusinessClass.CreateObject(someProperty);