Three investors wish to start a manufacturing business. The business is expected to generate a large income which it will reinvest for many years. Investor #$1$ has substantial assets which he plans to contribute to the business. Investor #$1$ is also concenred about showing too much business income on his personal return. Which business structure$($s$)$ would be most appropriate for the business?

A limited partnership with Investor #$1$ as the limited partner.

A business trust with all three as equal partners.

An $S$ corporation with all three as equal shareholders.

$AC$ corporation with all three as shareholders