Partnerships and single member LLC's are virtually taxed the same. You should begin preparing 1065's and just giving you and your spouse a k-1. The simplest way to record it this year, would be to split the activity in 2 schedule c's. If the problem is you cannot create 2 schedule c's with the same ein, then take the schedule c with the LLC name and your spouse will just use her name as a sole proprietor.
