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This annual report must be completed by labor organizations with total annual receipts of $250,000 or more, including details on financial activities, membership status, and affiliated organizations.
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How to fill out form lm-2 labor organization
How to fill out FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT
01
Obtain the FORM LM-2 from the Department of Labor website or your local labor office.
02
Review the instructions provided with the form carefully.
03
Fill out the identification section, including the name and address of your labor organization.
04
Report the financial information including receipts, disbursements, and assets for the reporting period.
05
Detail the compensation of officers and employees, including their roles and salaries.
06
Provide information regarding any labor organization affiliates.
07
Certify the accuracy of the information by having the form signed by a designated officer.
08
Submit the completed FORM LM-2 to the Department of Labor by the due date.
Who needs FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
01
Labor organizations with annual receipts of $250,000 or more are required to file FORM LM-2.
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People Also Ask about
What is an LM-1 form?
Every labor organization subject to the Labor-Management Reporting and Disclosure Act, as amended (LMRDA), the Civil Service Reform Act (CSRA) standards of conduct regulations, or the Foreign Service Act (FSA) must file an initial Form LM-1 Information Report, along with its constitution and bylaws, and an annual
What is an LM-2 report?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
Who has to file LM-2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
Who has to file LM-2?
The Form LM-2 is required for labor organizations with $250,000 or more in total annual receipts, the Form LM-3 is required for labor organizations with total annual receipts of $10,000 or more, but less than $250,000 and the Form LM-4 is required for labor organization which have total annual receipts of less than
What is an LM-4?
Labor organizations with total annual receipts of less. than $10,000 may file the abbreviated 2-page. annual report Form LM-4, if not in trusteeship as. defined in Section VIII of these instructions. The.
What are the requirements for LM-2?
The filing requirements are: Form LM-2—Lengthy report filed electronically by branches with $250,000 or more in annual receipts. Form LM-3—Four-page report filed electronically by branches with total annual receipts of at least $10,000 but less than $250,000.
What are LM2 reports?
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. It is the most detailed report labor organizations are required to file.
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What is FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
FORM LM-2 is a financial report that labor organizations in the United States must file annually to disclose their financial activities, including income, expenditures, and other financial transactions.
Who is required to file FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
Labor organizations that have annual receipts of $250,000 or more are required to file FORM LM-2 with the U.S. Department of Labor.
How to fill out FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
To fill out FORM LM-2, organizations must gather their financial records, properly categorize income and expenditures, follow the instructions provided by the U.S. Department of Labor, and ensure all required sections are completed accurately before submission.
What is the purpose of FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
The purpose of FORM LM-2 is to promote transparency and accountability in labor organizations by requiring them to report their financial activities and help members and the public understand the organization's operations.
What information must be reported on FORM LM-2 LABOR ORGANIZATION ANNUAL REPORT?
FORM LM-2 requires reporting on a variety of financial information including total receipts, total disbursements, assets, liabilities, and details regarding the compensation of officers and employees, as well as any payments to contractors and affiliated organizations.
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