Get the free Form LM-2 Labor Organization Annual Report Users Guide - dol

Tips for Navigating Throughout Form LM-2. 5. Adding Additional Information. 6 9. Deleting Additional Schedule Information. 10. Downloading and Prefilling ...

How to fill out form lm-2 labor organization

How to fill out form lm-2 labor organization:

1. Start by obtaining the form: The form lm-2 labor organization can be obtained from the United States Department of Labor. You can either download it from their website or request a physical copy.
2. Read the instructions: Before filling out the form, it is essential to carefully read the instructions provided with the form. This will give you a clear understanding of the information required and the specific guidelines for completing the form accurately.
3. Provide basic information: Begin by filling out the basic information section of the form. This includes details such as the name of the labor organization, its address, contact information, and the reporting period covered by the form.
4. Report financial activities: The lm-2 form requires you to disclose various financial activities of the labor organization. This includes reporting on revenue sources, such as membership dues, investments, and other contributions. Additionally, you need to provide details on the organization's expenses, such as salaries, office expenses, legal fees, and any other significant expenditures.
5. Detailing officer and employee expenses: The form lm-2 also requires you to report the compensation and expenses of officers and employees of the labor organization. This includes providing information on salaries, benefits, allowances, and other financial arrangements.
6. Provide additional disclosures: The lm-2 form may require you to disclose additional information based on the activities and operations of the labor organization. This could include details on political activities and lobbying expenditures, trust funds, loans, and any other relevant financial transactions.
7. Review and verify: Once you have completed filling out the form, it is crucial to review all the provided information to ensure accuracy. Check for any errors or omissions, and make any necessary corrections. It is recommended to have another individual review the form as well to ensure its accuracy.
8. Submit the form: Once you are satisfied with the accuracy of the completed form lm-2, you can submit it to the United States Department of Labor as per their specific submission instructions. It is essential to comply with any specified deadlines for submission.

Who needs form lm-2 labor organization?

1. Labor organizations: The lm-2 form is primarily required for labor organizations, including unions, federations, and other similar entities. It allows them to report their financial activities, providing transparency and accountability to their members and the government.
2. Larger labor organizations: The lm-2 form is specifically designed for labor organizations with significant annual receipts or total assets. If your labor organization meets the specified thresholds set by the Department of Labor, you will need to complete and file the form.
3. Compliance with labor laws: Filling out the form lm-2 is necessary to comply with federal labor laws and regulations. It ensures that labor organizations meet the reporting requirements and provides a comprehensive overview of their financial activities to stakeholders and regulatory authorities.

For pdfFiller’s FAQs

What is form lm-2 labor organization?

Form LM-2 is a financial disclosure form required to be filed by labor organizations under the Labor-Management Reporting and Disclosure Act (LMRDA).

Who is required to file form lm-2 labor organization?

Labor organizations such as unions are required to file Form LM-2 if they have annual receipts of $250,000 or more.

How to fill out form lm-2 labor organization?

Form LM-2 can be filled out electronically using the U.S. Department of Labor's OLMS website or by submitting a paper form.

What is the purpose of form lm-2 labor organization?

The purpose of Form LM-2 is to provide transparency and accountability regarding the financial activities of labor organizations.

What information must be reported on form lm-2 labor organization?

Form LM-2 requires the reporting of financial information such as receipts, disbursements, and assets of the labor organization.

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