Definitely illustrates the difference between Texas and Connecticut as Texans are not fans of over regulation.

The two kinds of respiratorsundet discussion, illustrated.

@Clint CoonsWould you mind explaining how an S Corp avoids NIIT under your illustrated fact pattern if you don't extract taxable income from the corp as W-2 income?

Like I said, there are always more sides to the story and what I was really attempting to illustrate is how when this thing ends up in court it very well might end up going sideways from how you want it to!

That aint exactly right either my friend, but I've seen it done and it will work if done the right way however, the next guy down the line will be cursing you like you're cursing the former, especially if the next guy is German - lol.To illustrate... 

Oh come on now Axel, you know what I mean--LOLAnd I get your point (shades of grey when I'm illustrating with black and white (good catch).Good Luck! 

As far as personal qualities goes:1) Quality of workmanship2) Quality of workmanship3) Quality of workmanship4) No Alcohol consumption on the job5) Dependable show ups6) Experience on a particular type of job (if semi-complicated such as countertop installs vs light bulb replacement)7) Doesn't need CONSTANT supervision or granular directions8) Pride of workmanship when finishedI picked these pics off of the internet to illustrate 7) and 8).This guy wouldn't be a good fit for me (although for some people he would) because "You didn't tell me you wanted it smoothed out Boss" or "That's the way it's done", or "That's all you paid for"--isn't what I'm looking for in a workman.Compare the above pic to the one below, that has been completed in a "Neat and workmanlike manner".

I am not saying my financial interests are not a major consideration here, just illustrating how the one protects the other.How one protects the other.

And thirdly, to save some money.It is very, very difficult to find a better example than this crisis to illustrate what I've always said is the biggest risk advantage of DIY investing: you are the contractor of last resort. 

@Shafi NossWithout an example, I can't be sure we're on the same page.Say you bought a property for $200k 10 years ago, depreciated $50k of it, and are selling it for $300k now.You have a $150k capital gain, $50k of which is taxed under 1250 recapture rules, and $100k under long-term cap gains rules.Now, a mathematically flawed example below, just to illustrate the concept.