What was the amount of cash paid for income taxes by Goldfish Swim School in 2022?

According to the 2025 Goldfish Swim School FDD, Goldfish Swim School is treated as a partnership for federal income tax purposes. Consequently, federal income taxes are not payable or provided for by the company. The members are taxed individually on their pro rata ownership share of the company's earnings. The company's net income or loss is allocated among the members in accordance with the company's operating agreement.

This means that Goldfish Swim School itself does not pay federal income taxes. Instead, the individual owners or members of the company are responsible for paying taxes on their share of the company's profits. This is a common structure for smaller businesses and franchises, as it simplifies the tax process for the company itself.

For a prospective franchisee, this information is important because it clarifies that the franchise's earnings will be distributed to the owners, who will then be responsible for paying income taxes on those earnings. It is important for franchisees to understand their individual tax obligations and to plan accordingly.