September 5, 2008
By Matthew Mosk
ST. PAUL — In addition to being a mayor and raising four children, Sarah Palin found time for another venture in her Wasilla years — she was part-owner of an Anchorage car wash.
Palin and husband Todd each held a 20 percent stake in Anchorage Car Wash LLC, according to state corporation records filed in 2004.
A review of Palin’s gubernatorial disclosure filings indicates that she failed to report her stake in the company on the form that requires candidates for governor to disclose any interest in a nonpublicly traded company.
The car wash venture was not entirely smooth sailing. State records show the business ran into trouble with Alaska’s division of corporations business and professional licensing after Palin became governor of the state in 2006.
A Feb. 11, 2007 letter to the governor’s business partner advises that the car wash had “not filed its biennial report and/or paid its biennial fees,” which were more than a year overdue.
The warning letter was written on state letterhead, which carried Palin’s name at the top, next to the state seal.
On April 3, 2007, the state went further and issued a “certificate of involuntary dissolution” because of the car wash’s failure to file its report and pay state licensing fees.
Palin’s gubernatorial disclosure filings also reveal her involvement in another failed startup — a marketing business which was to go by the name Rouge Cou, which evidently is a literal French translation of “red neck.” On the 2005 form, Palin describes the firm as one for which she secured a license but did not conduct any business.