Operating Agreement of Scootercam Worldwide LLC
This Operating Agreement (“Agreement”) is entered into and made effective as of October 12, 2025, by and among the sole Member of Scootercam Worldwide LLC, a Michigan limited liability company (“Company”).
Article I – Formation
- Name
The name of the Company is Scootercam Worldwide LLC. - Formation
The Company was formed as a limited liability company pursuant to the Michigan Limited Liability Company Act by filing Articles of Organization with the Michigan Department of Licensing and Regulatory Affairs (LARA). - Registered Office and Agent
The registered office of the Company is located at:
1952 Lake Michigan Drive, Fennville, MI 49408.
Article II – Purpose
The purpose of the Company is to engage in media and data production related to Great Lakes environmental observation, recreation, and video streaming, and any other lawful business activities permitted under Michigan law.
Article III – Member and Management
- Sole Member
The sole Member of the Company is Rick Xaver, who owns 100% of the membership interest. - Management
The Company shall be member-managed. The Member has full authority to manage and control the business and affairs of the Company, including the power to:- Enter into contracts,
- Acquire, hold, and dispose of assets,
- Open and manage bank accounts,
- Hire and compensate workers or contractors,
- Take any other action necessary to carry out the Company’s purpose.
- Officers (Optional)
The Member may appoint officers such as President, Treasurer, or Secretary at any time, with such duties as the Member assigns.
Article IV – Capital and Distributions
- Initial Capital Contribution
The Member has contributed or agrees to contribute such capital, property, or services as deemed appropriate for the initial operation of the Company. Additional contributions shall be made only at the Member’s discretion. - Allocations and Distributions
All profits, losses, and distributions shall be allocated 100% to the Member. - Bank Accounts
Company funds shall be deposited in the Company’s name in such bank accounts as the Member designates. All Company expenses shall be paid from these accounts.
Article V – Books, Records, and Accounting
- Fiscal Year
The Company’s fiscal year shall end on December 31 of each year. - Books and Records
The Company shall maintain accurate financial and business records, including income, expenses, assets, and liabilities, and keep them available for review by the Member. - Tax Treatment
For federal and state income tax purposes, the Company shall be treated as a disregarded entity unless otherwise elected. The Member will report all profits and losses on their individual return.
Article VI – Indemnification and Liability
- Limited Liability
The Member shall not be personally liable for the debts, obligations, or liabilities of the Company beyond the amount of their capital contribution, except as otherwise required by law. - Indemnification
The Company shall indemnify the Member to the fullest extent permitted by law for any act or omission performed in good faith on behalf of the Company.
Article VII – Amendments and Dissolution
- Amendments
The Member may amend this Agreement at any time by a signed written instrument. - Dissolution
The Company may be dissolved upon the Member’s decision, at which point assets will be used to pay debts and the remainder distributed to the Member.
Article VIII – Miscellaneous
- Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan. - Entire Agreement
This document constitutes the entire agreement of the Member with respect to the Company.
IN WITNESS WHEREOF, the undersigned Member executes this Operating Agreement as of the date first written above.
Member:
Rick Xaver
Signature: ___________________________
Date: _______________________________