I install & refinish hardwood floors. I have one employee, my brother who I pay a percentage of profits. We plan to make $50-$100,000 per year. We hope to have more employees is the future. Please tell me which business entity is best for me and my situation. Thanks.--Answer1:I suggest a Nevada LLC (California LLCs dont have as much protection) Or get incorporated with either an S-corp or C-corp, main difference are in the tax structures..--Answer2:Good business! Ever consider landing a contract for some antebellum homes via the government? You have to register your business on line, fill out a form for all the type of work that you want to do and youll get on their bidders list. I do work for the USCG every year, they pay in 30 days and that is just one area that I solicit. Im sorry I cant give you the goverment web site but look around and youll find it. Another market, us, Hurricane country; you cant hardly find anyone thats not busy and that could be a FEMA site.