You may be limited on what you can do with 50K if you plan on opening a brand new business. You may want to focus on developing your plan a bit more and then reaching out to potential investors who would be willing to front some additional funds to get your business up and running. Keep in mind you’ll have to spend a considerable amount of money on hiring a staff, ordering inventory, leasing a property, etc. 50K is likely not to get you very far.
It sounds like you may want to talk to a professional about your options.can connect you with a skilled startup attorney that will be more than happy to answer your questions and offer additional insight. Check out our website to see our affordable services and get in touch for an initial consultation. Good luck!