My question is very similar to the question here, however I want to ask about some specifics. I am having trouble keeping track of exactly how we are "tensor-producting" or "direct-producting" the different vector spaces.
Suppose we have a single particle $A$. "Good quantum numbers" for this particle are the particle's total spin and it's z-spin. It turns out that a single particle has a fixed total spin, so the vector space of this quantum number is not very interesting and is just one dimensional, but we will call it $V^2_A$. The vector space of the particle's $z$-spin is a 2-dimensional vector space $V^Z_A$.
Let $S^2_A$ denote the spin operator in this vector space, and let $S^Z_A$ denote the $z$-spin operator.
Suppose we have another particle $B$. Let $S^2_B$ denote the spin operator in this vector space, and let $S^Z_B$ denote the $z$-spin operator. The operators $S^2_{A},$ $S^2_{B}$ and $S^Z_{A},$ $S^Z_{B}$ are isomorphic but they act on different vector spaces.
The state of particle $A$ lives in the vector space $V^2_A \otimes V^Z_A.$ The state of particle $B$ lives in the vector space $V^2_B \otimes V^Z_B.$ The "multiparticle" state lives in the vector space $(V^2_A \otimes V^Z_A) \otimes (V^2_B \otimes V^Z_B).$
The detail which seems to get brushed under the rug is that now we define new operators, the "total" spin, $S^2_{A+B},$ and the "total" spin $S^Z_{A+B}$ but I am not exactly sure how these are defined in terms of the proceeding operators.
Naively, I would expect them to be something like: $$S^2_{A+B} \equiv (S^2_A \otimes I_B) + (I_A \otimes S^2_B)$$ but this is not correct.
The notation $\frac{1}{2} \otimes \frac{1}{2} = 1 \oplus 0$ then means something like the following:
"The tensor product $(V^2_A \otimes V^Z_A) \otimes (V^2_B \otimes V^Z_B)$ is formed from two vector spaces which each have eigenvalue $1/2$ under the total spin operator. The result is a new vector space which has eigenvalues $1$ or $0$ under the newly defined total spin operator."
Is this correct? If so, how are the new spin operators defined?