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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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01
To fill out form lm-2:
02
Start by providing the necessary information about the organization or business entity for which the form is being filled out.
03
Include details about the financial transactions and activities of the organization, including income, expenses, assets, and liabilities.
04
Fill in the required schedules and attachments, such as Schedule 11 (Contributions, Gifts, and Grants) or Schedule 17 (Real Estate and Rent)
05
Ensure all the information is accurate and complete, and double-check for any errors or omissions.
06
Submit the completed form to the relevant authority or department.
07
To fill out form lm-3:
08
Begin by entering specific details about the labor organization for which the form is being filled out.
09
Report the financial activities of the labor organization, including receipts, disbursements, loans, investments, and assets.
10
Fill in the necessary schedules and attachments, such as Schedule 10 (Gross Salary, Disbursements, and Allowances) or Schedule 22 (Trusts and Loans).
11
Ensure all the information is accurate and complete, and review for any mistakes or missing information.
12
Submit the completed form to the appropriate authority or agency.

Who needs form lm-2 lm-3 and?

01
Form lm-2 is required to be filled out by labor organizations, which include labor unions, federations, and similar entities.
02
Form lm-3 is necessary for smaller labor organizations with fewer members and financial activities, as specified by the regulatory authorities.
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Form LM-2 and LM-3 are annual financial disclosure forms required to be filed by labor organizations to report their financial activities to the Department of Labor in the United States.
Labor organizations with annual receipts of $250,000 or more are required to file Form LM-2, while those with receipts of less than $250,000 can file Form LM-3.
These forms can be filled out using the Department of Labor's online filing system, or by using paper forms which can be completed based on the organization's financial records.
The purpose of Form LM-2 and LM-3 is to provide transparency in the financial activities of labor organizations by reporting their income, expenses, and other financial details.
Information that must be reported includes the organization's income, expenses, assets, liabilities, and any transactions involving union officials or employees.
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