What documents related to the Controlled Entity must be furnished to Goldfish Swim School, and when?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- 18.3.1.7 copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, federal tax identification number and other governing regulations or documents, including resolutions of the board of directors authorizing entry into this Agreement, have been promptly furnished to Franchisor.
Any amendment to any such documents shall also be furnished to Franchisor immediately upon adoption.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, if a franchisee wishes to transfer their agreement to a Controlled Entity (a corporation, LLC, or other legal entity fully owned by the franchisee for financial, tax, or other convenience), they must furnish certain documents to Goldfish Swim School.
The documents required include copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, federal tax identification number, and other governing regulations or documents. Additionally, the franchisee must provide resolutions from the board of directors authorizing the entity to enter into the franchise agreement.
These documents must be promptly furnished to Goldfish Swim School. Furthermore, any amendments to these documents must also be furnished to Goldfish Swim School immediately upon their adoption. This requirement ensures that Goldfish Swim School has current and accurate information about the structure and governance of the entity operating the franchise.