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Wyoming Close LLCs Protect Assets A popular asset protection tool we use at Patterson Bray is the Wyoming Close Limited Liability Company. One or more people can establish and own this type of entity and may also manage the LLC. Anyone can establish a Wyoming Close LLC, even if you...
Read More Continue ReadingReason to Add an Attorney Fee Provision You’re running a small business. You have a form, purchase order, or other short contract you always use. Take a moment to look at your forms and contracts. Do they include an attorney fee provision? If not, we recommend that you add one....
Read More Continue ReadingThe Other Side is Lying. Can I Sue for Defamation? “Can we sue them for defamation?” That is a question we receive very frequently from both Plaintiffs and Defendants we are representing in pending litigation. Typically, the question is a reaction to reading or hearing something alleged in the lawsuit,...
Read More Continue ReadingTop 8 Ways to Save Money on Attorney Fees Let’s talk about attorney fees. When confronted with a legal claim or issue, some people simply want to “turn it over to the lawyer and be done with it.” Others prefer a more hands-on approach, and they prefer to work closely...
Read More Continue ReadingWhat You Need to Know about Insurance Company Claims The overwhelming majority of insurance claims are fairly handled and paid without complication. But, some are not. While there are a number of reasons why an insurance claim might be denied or why you might not get paid what you think...
Read More Continue ReadingCan my Fitbit be used as evidence against me? By: Erin Shea As I was driving to work yesterday, I heard an advertisement for a Local News Story on Fox 13 about potential unintended consequences of using one of those trendy new fitness tracker devices, such as the...
Read More Continue ReadingSuppose your insurance company denies your claim – whether for a fire loss, water damage, theft, or storm damage. How long do you have to file a lawsuit against the insurance company? Well, it may not be as long as you think, so be careful! The best thing you can...
Read More Continue ReadingWhy are there statutes of limitation or lawsuit deadlines? In Tennessee, there are lawsuit deadlines called “statutes of limitations,” so it is important to speak to a lawyer as soon as possible if you believe you may need to file a lawsuit. If you wait too late, you may lose...
Read More Continue ReadingI No Longer Want to Own Property with a Partner – How Do I Break Up? Imagine you and a partner purchase a rental property in the hopes of generating additional income. Or perhaps you jointly inherit some property. You own the property as tenants in common, meaning that you...
Read More Continue ReadingThe Dangers of Unwritten Agreements You’ve heard it before: “If it’s not in writing, it doesn’t exist.” While that is not technically true, we don’t recommend entering into an unwritten agreement or contract of any significance. If it is important to you or to your business, get it in...
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