@npierson7 wrote:
...If your LLC is disregarded entity for federal tax purposes, you'll need to divide all income and expenses items according to ownership between tow of you; complete two Schedule C and include them in your personal tax return.
The above quoted passage would be correct, except a multi-member LLC cannot be treated as disregarded unless two spouses own the LLC and hold their interests as community property in a community property state.
If the spouses are in a common law state, they would have to file a Form 1065 for the LLC.
