Duke and Jacquie Coleman, married filing jointly, will establish a manufacturing business. The couple anticipates that the business will be profitable immediately due to a patent that Jacquie holds; profits for the first year will be about $300,000 and will increase at a rate of about 20% per year for the foreseeable future. Advise the Colemans as to the form of business entity they should select. The Colemans are in the 37% Federal income tax bracket.