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.
Share |. When looking at business types, many business owners choose to form a limited liability company (LLC). Creating an LLC is a good way to wall off your personal assets from your company's liabilities, offering protection for your personal assets in the event of a judgment against your business. limited liability company (LLC) also has certain tax advantages. The business itself is not responsible for taxes on its profits. Instead, the LLC's owners, known as members, report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership.