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.
Fringe Benefits for Partners and Owners of LLCs and S Corporations. Partnerships, limited liability companies (LLCs) taxed as partnerships and S corporations have various tax advantages and are often chosen by owners of businesses as favored business structures.