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FORM LM2 LABOR ORGANIZATION ANNUAL REPORT U.S. Department of Labor Office of LaborManagement Standards Washington, DC 20210MUST BE USED BY LABOR ORGANIZATIONS WITH $250,000 OR MORE IN TOTAL ANNUAL

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How to fill out form lm-2 labor organization

01

Step 1: Gather all necessary information and documents required for filling out form LM-2.

02

Step 2: Begin by entering the basic information of the labor organization, such as the name, address, employer identification number (EIN), and fiscal year-end date.

03

Step 3: Provide details about the organization's officers, including their names, titles, addresses, and compensation.

04

Step 4: Fill out the section on disbursements to officers and employees, reporting their salaries, wages, bonuses, and other compensation.

05

Step 5: Report any agreements or arrangements with employers or businesses that may affect the labor organization's finances.

06

Step 6: Enter details about any loans or debts owed by the organization.

07

Step 7: Complete the section on receipts and disbursements, reporting all financial transactions made by the labor organization.

08

Step 8: Verify the accuracy of the information provided and make any necessary corrections before submitting the form.

09

Step 9: Submit the completed form LM-2 to the appropriate authority, which is typically the Office of Labor-Management Standards (OLMS) within the Department of Labor.

10

Step 10: Keep a copy of the filed form for the organization's records.

Who needs form lm-2 labor organization?

01

Any labor organization that meets the criteria set by the Department of Labor (DOL) is required to file form LM-2.

02

This includes labor unions, employer associations, and federations or councils of labor organizations.

03

The purpose of form LM-2 is to provide transparency and accountability for the financial activities of labor organizations, ensuring that they are properly representing and serving their members.

04

It allows the DOL and the public to access important information about the organization's finances, officers, and transactions.

05

Failing to file form LM-2 or providing inaccurate information can result in penalties and legal consequences.

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What is form lm-2 labor organization?

Form LM-2 is a financial report that labor organizations must file with the U.S. Department of Labor to disclose their financial condition, activities, and financial dealings.

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

Labor organizations that receive more than $250,000 in annual gross receipts are required to file Form LM-2.

How to fill out form lm-2 labor organization?

To fill out Form LM-2, organizations must provide detailed financial information, including income, expenses, assets, liabilities, and the compensation of officers. It can be completed electronically or via paper form, ensuring all sections are accurately filled.

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

The purpose of Form LM-2 is to promote transparency and accountability in labor organizations by requiring them to disclose their financial activities.

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

Form LM-2 requires reporting on income sources, expenses, investments, loans, grants, member contributions, and compensation of officers.

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