I don't know the story behind this obviously... but when I shuttered my independent business as a courier to go back into wage-slavery, the method my accountant and attorney recommended to let my business "die" was to not file forms or pay the fees for the annual re-registration.
That doesn't mean anything, but it could be that. It would also explain why she didn't report a stake in it, if the business was defunct.
I recently had to call and explain to the IRS (again) that the reason I didn't file an 07 tax return for my business is that it closed in 05.
Quote:
Originally Posted by Tess Whitcroft  Palin Scrubbing Turns Up an Undeclared Car Wash
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.
....
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.
Considering that "W" was given the largest surplus in the history of this country by that tax and spend democrat Clinton and ran it down to the largest deficit in the history of this country, Sarah Palin can certainly be considered economically qualified for the presidency by republican standards.
Tess |
According to a study by the U.S. Small Business Association, only 2/3 of all small business startups survive the first two years and less than half make it to four years. (
Small Business Failure Rates - Starting a Business - Why Many Small Businesses Fail - Entrepreneurial Tips – Resources for Entrepreneurs - Gaebler Ventures - Chicago, Illinois - first link I grabbed from Google)
Question. Has Barack Obama ever even tried to run a private business?