What do the Duties of Care and Loyalty Look Like?
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What do the Duties of Care and Loyalty look like? HomeschoolCPA Carol Topp frequently mentions that homeschool leaders have a duty of care and loyalty to their groups. What does a duty of care look like? How do I know if I am being loyal? This is the first part of a 4-part series on tips for homeschool leaders a workshop given to homeschool leaders in Austin Texas in February 2020. Some of the ways to demonstrate a duty of care and loyalty for a leader include: * Have Board meetings * Manage the money well * Have insurance * Avoiding conflict of interest * No self dealing (the board gives itself discounts) In the 4 part podcast series Carol discusses: Episode #203   Leader mindset and attitudes Episode # 204 What do the duties of care and loyalty look like? Episode # 205  The duty of compliance with the laws for nonprofit organizations Episode #206 Managing records and finances in you homeschool group Each episode can be found at HomeschoolCPA.com/Podcast. Handout of the workshop: https://homeschoolcpa.com/wp-content/uploads/2020/11/Top-Tips-Handout-2020.docx Featured Resources: Money Management in a Homeschool Organization * Does your homeschool group manage their money well? * Do you have a budget and know where the money is spent? * Do you know how to prevent fraud? This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided. A checklist of best practices to avoid embezzlement. It is available at HomeschoolCPA.com/Fraud Podcast # 105 Podcast episode on preventing fraud How to avoid self-dealing. The board cannot vote themselves benefits like discounts.  Listen to Podcast #71 on how to thank volunteers without self-dealing.              
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