I need advice on following matter. Someone want to work within the community. He has given two options either to set up a charity (with charity commission) or register a not-for-profit company. He will be receiving donations from members of public as well as run various community related projects. He is expecting to receive donation in region of 100,000 during the first 12 months of operation which will increase at considerable after this. He has plans to apply for grants for his various projects.
Can anyone advice me the best option for him.