What was the amount of income taxes for 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. As a result, the company itself does not pay federal income taxes. Instead, the members or owners of the company are taxed individually on their share of the company's earnings. This means that Goldfish Swim School does not have a specific income tax expense reported on its financial statements. The net income or loss of the company is allocated among its members according to their operating agreement.

For a prospective franchisee, this is important because it clarifies that Goldfish Swim School franchisees will be responsible for paying income taxes on their share of the profits from the franchise. The franchisee's individual tax liability will depend on their personal tax situation and the profitability of their Goldfish Swim School location. Franchisees should consult with a tax advisor to understand the tax implications of owning a Goldfish Swim School franchise.

This structure is common for many franchise systems, as it allows the franchisor to avoid corporate income taxes and pass the tax liability on to the individual franchisees. It's crucial for potential franchisees to factor in these individual tax obligations when assessing the overall financial viability of the franchise opportunity.