Starting a business requires more than an idea — it requires choosing the right legal structure to protect your assets, optimize taxes, and support long-term growth. At Canaan Advisory and Development, we guide entrepreneurs and business owners through the formation process to ensure full compliance with state and federal regulations.
An LLC is one of the most popular business structures for small and medium-sized companies. It offers:
Personal liability protection
Flexible management options
Simple tax reporting
Fewer formal requirements than a corporation
LLCs are ideal for owners seeking protection and flexibility without the complexity of corporate governance.
A C-Corp is a traditional corporate structure suited for businesses with plans to scale. Benefits include:
Strong liability protection
Ability to issue multiple classes of stock
Easier access to investors and venture capital
Deductible business expenses
C-Corps are often chosen by companies planning significant growth, outside investment, or eventual expansion.
An S-Corp provides liability protection similar to a C-Corp but with unique tax advantages. Key benefits include:
Pass-through taxation, avoiding double taxation
Protection of personal assets
Ability to limit payroll taxes for owner-employees
S-Corps are ideal for small businesses wanting corporate benefits while maintaining favorable tax treatment.
Choosing the wrong business structure can lead to tax complications, legal exposure, and operational limitations. With professional guidance, you ensure:
Correct entity selection based on your goals
Compliance with state formation requirements
Proper filing of organizational documents
Understanding of tax implications and reporting duties
Your business structure lays the foundation for future stability and success. With Canaan Advisory and Development, you receive clear direction, accurate filings, and ongoing support as your business grows.
Contact us today to begin your formation process and choose the structure that best fits your vision.
With four growing branches, Canaan continues to expand its reach, delivering trusted advisory services to diverse communities.
(+1)210-929-3777
