08/19/2026
We hosted a Business Structure & Formalization Event in partnership with Rhema Central Church, bringing together small business owners, aspiring entrepreneurs, and families from low-to-moderate income communities for an engaging conversation about starting and formalizing a business. The event focused on simplifying a topic that can often feel overwhelming and helping participants understand that they do not need to have everything figured out before taking the first step.
Participants learned about the differences between common business structures, including sole proprietorships, LLCs, S corporations, and corporations, while gaining a better understanding of how choosing the right structure can impact their business. The discussion also emphasized practical steps entrepreneurs can take to move their ideas forward and build a strong foundation as their businesses grow.
We were grateful to be joined by Lucia from SBDC, Rick Lozano from Banc of California, Ricardo Carrillo from First Citizens Bank, and Rosie and Isaac from Royal Business Bank, who shared their expertise as panelists and helped make the conversation practical and engaging. Their insights, combined with an incredible turnout from the community, made the event a valuable opportunity to encourage more entrepreneurs to take that first step toward turning their ideas into successful businesses.