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This document serves as the annual financial report for labor organizations, detailing their receipts, disbursements, and member information, and is required by the U.S. Department of Labor.
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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 Form LM-2 from the Department of Labor's website or relevant authority.
02
Fill in the organization’s basic identification information, including name, address, and employer identification number (EIN).
03
Complete the financial information section, detailing income, expenses, assets, and liabilities for the reporting year.
04
Include a statement of operations to summarize the financial activities.
05
Provide information regarding the officers and union representatives.
06
Attach any required supplementary schedules for items such as bonds, investments, or related party transactions.
07
Review the completed form for accuracy and ensure all required signatures are included.
08
Submit the form electronically or via mail to the appropriate government agency by the specified deadline.
Who needs Form LM-2 Labor Organization Annual Report?
01
Labor organizations that have annual financial activity above a certain threshold, typically those with over $250,000 in gross annual receipts.
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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 is a 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.
How to get union bylaws?
A: There is more than one way to get the constitution & bylaws if the union officers resist. First, you can ask around, see if a coworker has one (make sure it's up to date). Second, you can use government agencies to enforce your legal right to get a copy of the contract.
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-4 form?
FORM LM-4 LABOR ORGANIZATION ANNUAL REPORT. This report is mandatory under P.L. 86-257, as amended. Failure to comply may result in criminal prosecution, fines, or civil penalties as provided by 29 U.S.C. 439 or 440.
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What is Form LM-2 Labor Organization Annual Report?
Form LM-2 is an annual financial report required by the U.S. Department of Labor for labor organizations. It provides detailed information about the organization's financial condition, including income, expenses, and other financial activities.
Who is required to file Form LM-2 Labor Organization Annual Report?
Labor organizations that have annual financial 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, labor organizations must provide accurate and complete information regarding their financial activities. This includes detailing income sources, expenditures, assets, liabilities, and member information. Organizations can obtain the form and instructions from the Department of Labor's website.
What is the purpose of Form LM-2 Labor Organization Annual Report?
The purpose of Form LM-2 is to promote transparency and accountability among labor organizations by requiring them to disclose their financial activities to the Department of Labor and the public.
What information must be reported on Form LM-2 Labor Organization Annual Report?
Form LM-2 requires organizations to report various types of information, including total receipts, total disbursements, assets, liabilities, salaries of officers, and payments to employees, among other financial details.
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