1 Thou and Ye Forms.  2 As early as the late thirteenth century, the second person plural forms (ye, you, your) began to be used with singular meaning in circumstances of politeness or formality, leaving the singular forms (thou, thee, thy/thine) for intimate, familiar use.
Limited Liability Company. You and your spouse may operate a personal business as an LLC. This type of business structure is authorized and regulated by the individual states, but is not recognized by the IRS as an entity for federal income tax purposes.
Some of the major concepts covered in a single member LLC agreement are: 1  The contribution of capital by the sole member. 2  The limitation of liability. 3  The management of the LLC (methods for choosing officers, duties, and salaries) 4  The number of members. 5  Rights and duties of the members.