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.
You and your spouse may treat your LLC as a partnership. You will file the LLC's federal income tax return using IRS Form 1065, U.S. Return of Partnership Income. You and your spouse must each report your individual shares of the income generated by the partnership income.
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.