What documents of the Controlled Entity must be furnished to Goldfish Swim School, and when?

According to the 2025 Goldfish Swim School FDD, if a franchisee wishes to transfer their agreement to a Controlled Entity (a legal entity entirely owned by the franchisee), they must furnish certain documents to Goldfish Swim School. Specifically, copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, and federal tax identification number, along with other governing regulations or documents, including resolutions from the board of directors authorizing entry into the agreement, must be promptly furnished to Goldfish Swim School.

Furthermore, any amendments to these documents must also be furnished to Goldfish Swim School immediately upon adoption. This requirement ensures that Goldfish Swim School maintains up-to-date information regarding the structure and governance of the entity operating the franchise.

This provision is important for prospective franchisees to understand, as it outlines the necessary steps and documentation required when transferring the franchise agreement to a Controlled Entity. Failing to provide these documents promptly could potentially delay or jeopardize the transfer process. Franchisees should ensure they are prepared to gather and submit these documents in a timely manner to comply with the franchise agreement.