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.
A Limited Liability Company (LLC) is similar to an S corp in certain ways; both grant owners limited personal liability for the debts and actions of the business.LLCs are also like a partnership, providing easy and flexible management compared with an S Corp, with similar tax benefits. Limited Liability Company (LLC) is similar to an S corp in certain ways; both grant owners limited personal liability for the debts and actions of the business.