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Santa Barbara

15 West Carrillo St.
Santa Barbara, CA 93101
Phone: 805-618-1768

 

San Luis Obispo

505 Higuera St.
San Luis Obispo, CA 93401
Phone: 805-544-4529

 
Testimonials

 

 

"Mr. Aron is easily one of the most highly skilled trial lawyers that I have had the privilege of observing in a courtroom.  His ability to clearly communicate makes him an outstanding advocate."

- Former Deputy District Attorney

 

"I felt secure every step of the way.    Mr. Aron consistently took the time and effort to not only represent me, but also to educate me."  

- Former Client

 

 
 
 
Santa Barbara, San Luis Obispo Business & Bankruptcy Lawyer, Attorney
 

We offer a full complement of business law services to clients throughout the Santa Barbara, San Luis Obispo and Southern California.  

 

BANKRUPTCY

For those that qualify, a Chapter 7 or Chapter 13 bankruptcy can completely eliminate unpaid medical bills, credit card debt, judgments for car repossessions and other unsecured dischargeable debts. For more information about bankruptcy and what benefits it may have for you, contact us, a top business bankruptcy law firm in Santa Barbara and San Luis Obipso, for a free consultation. We also have compiled information about specific topics for you:

 

Chapter 7

Chapter 7 bankruptcy is a liquidation of the debtor’s nonexempt assets. The bankruptcy trustee owns the property of the debtor and liquidates the debtor’s unprotected assets. During this process, the assets of the debtor are sold and the proceeds are used to pay creditors. The bankruptcy code allows a Chapter 7 bankruptcy debtor to retain certain basic assets, known as exempt property. Following are some examples of property that may be exempt in a bankruptcy:

  • Pensions and Qualified Retirement Plans – 100% protected
  • Alimony and child support – 100% protected
  • Social Security Benefits and Lump Sum Payments – 100% protected
  • Workers’ Compensation – 100% protected
  • College Tuition 529(a)(1) Savings Account – 100% protected
  • Wearing Apparel – 100% protected
  • Whole Life Insurance – Cash Surrender Value – 100% protected only if beneficiary is a dependent
  • Personal Injury - $15,000.00 protected ($30,000 if spouses filing jointly)
  • Wild Card – any personal property of the debtor up to $4,000.00 protected
  • Homestead – Personal Residence of the debtor $15,000.00 protected
  • Motor Vehicle - Up to $2,400.00 protected ($4,800 if spouses filing jointly)

 

Chapter 13

There are numerous invaluable benefits to filing under Chapter 13 of the bankruptcy code. A Chapter 13 bankruptcy can stop mortgage foreclosure and car repossession. It may allow an individual to have their driver’s license reinstated if it has been suspended due to unpaid parking tickets. It can protect your home even when you have substantial equity. In an equity driven Chapter 13 bankruptcy, an individual will pay back their unsecured creditors based upon the amount of unprotected equity they have in a home. Chapter 13 is also often a viable option to individuals who make a significant amount of income. 

A Chapter 13 bankruptcy case may last between 3 to 5 years as the debtor makes regular and continuous monthly payments based of a payment schedule worked out with the bankruptcy court. The benefit of filing a Chapter 13 bankruptcy is that it will protect your house and car from being sold and allow you to make a reduced, affordable monthly payment that is designed to work within your own budget. You may be able to pay unsecured creditors pennies on the dollars, sometimes as little as 10% of what you originally owed. A Chapter 13 bankruptcy can also eliminate or massively lower the interest rate on any debts. 

Contact us to discuss your bankruptcy options with a leading Santa Barbara / San Luis Obispo bankruptcy lawyer at The Law Offices of William M. Aron.

 

 BUSINESS ENTITY FORMATION 

For more information about how to form your business, contact us for a free consultation on business entity formation in Santa Barbara or San Luis Obispo.  We also have compiled information about specific topics for you:

Sole Proprietorship 
A sole proprietorship is the form of business entity with the least amount of legal formalities. In a proprietorship, the owner assumes sole responsibility for the operations and finances of the business, including profit and loss. In the proprietorship form of business entity, the owner’s personal property is tied directly to the business; therefore, the owner assumes unlimited risk of his personal assets. 

“C” Corporation 
Corporations are a separate entity from its owners. Corporations provide the shareholders with the most protection from liability and responsibility from debts and contracts. Profits for a corporation are taxed at the corporate level when the income is earned and is also taxed at the individual shareholder level. 

"S" Corporation 
An "S" Corporation is similar to a corporation in that it provides its shareholders with protection from liability. However, unlike a corporation, an "S" corporation is exempt from federal income tax. Instead the taxes are paid solely by the individual shareholders. 

General Partnership 
General Partnerships require an agreement between two or more individuals or entities to jointly own and operate a business. Profit, loss and managerial duties are shared among the partners, and each partner is personally liable for partnership debts. Partnerships do not pay tax, but must file an informational return, while individual partners report their share of profits and losses on their personal return. Short term partnerships are also known as joint ventures. 

Limited Partnership 
A limited partnership is a form of business organization that offers some of the partner's limited liability. It consists of a general partner who organizes and manages the partnership and its operations, and limited partners who contribute capital but have limited liability and assume no active role in day-to-day business affairs. 

Limited Liability Partnership 
LLP's are organized to protect individual partners from personal liability for the negligent acts of other partners or employees not under their direct control. LLP's are not recognized by every state and those that do, sometimes limit LLP's to organizations that provide a professional service, such as medicine or law, for which each partner is licensed. Partners report their share of profits and losses on their personal tax returns. Check with your Secretary of State's office to see if your state recognizes LLP's and if so, which occupations qualify. 

Limited Liability Company 
A Limited Liability Company (LLC) is a combination of the corporate and partnership forms of business. In an LLC, parties control shares of the company and like corporations, their liability for the operations of the company is determined by their level of investment. However, like partnerships, income tax is not paid at the LLC level, but rather it is "passed through" and taxed at the shareholder level. This somewhat complicated form of business entity should be discussed further with an attorney or accountant to determine if it will fit your needs. 
 

Contact us to speak to a business attorney in Santa Barbara or San Luis Obispo about the advantages to forming a business entity. 

 

CONTRACTS

For more information about the many forms of contracts and the intricacies of contract law, contact us for a free consultation on contract formation, interpretation or enforcement in Santa Barbara or San Luis Obispo.  We also have compiled information for you:

Contracts must contain the following elements:

1) An Offer

2) Acceptance 

3) Consideration or Exchange of Value

While this seems straightforward, this area of the law is actually quite complex.  

Contact us to discuss your contract law options with a leading Santa Barbara / San Luis Obispo contract lawyer at The Law Offices of William M. Aron.

 

REAL ESTATE 

We have handled residential and commercial transactions as well as litigation arising from the following:

  • Acquisitions
  • Brokerage commissions
  • Construction contracts
  • Mechanic's Liens
  • Foreclosures
  • Landlord-tenant arrangements
  • Leases
  • Property management
  • Adverse possession
  • Boundaries
  • Easements
  • Rights of way
  • Zoning 

Contact us to discuss your real estate options with a leading Santa Barbara / San Luis Obispo real estate lawyer at The Law Offices of William M. Aron.

 
Santa Barbara, San Luis Obispo Business & Bankruptcy Lawyer, Attorney
Santa Barbara Criminal Lawyer & DUI Attorney - San Luis Obispo DUI Lawyer
Santa Barbara Divorce Lawyer & Attorney - Family Law Attorney Santa Barbara
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The Law Offices of William M. Aron serves clients throughout the Central Coast and Southern California,
including those from areas such as:
Santa Barbara, San Luis Obispo, Santa Maria, Ventura, Paso Robles, Atascadero, Templeton, Morro Bay, Cambria, Cayucos, Arroyo Grande, Grover Beach, Pismo Beach, Nipomo, Lake Nacimiento, Lake Lopez, Lompoc, Buellton, Santa Ynez, Goleta, Carpinteria, Oxnard, Camarillo, UCSB, and Cal Poly. Select cases are also accepted from Los Angeles, Orange, Riverside, and San Diego Counties.