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South Dakota Anonymous LLC: Partial Anonymity Through Manager-Managed Structure

South Dakota allows partial anonymity via manager-managed LLCs. Members are not disclosed, but managers are. Here is how it works and when to consider a Tier 1 state instead.

By Shafwan Ahmed, Operations & Fulfillment Lead, Anonymousllc.co

How partial anonymity works in South Dakota

South Dakota allows manager-managed LLCs where only the manager is listed on initial filings. Members are not required to be disclosed on the Articles of Organization. South Dakota is better known for its trust law than its LLC privacy — the state has strong DAPT statutes comparable to Wyoming's.

Disclosure requirements

Disclosure typeSouth DakotaWyoming (Tier 1)
Member disclosureNot required (if manager-managed)Not required
Manager disclosureRequired on initial filing onlyNot required
Filing fee$150$100
Annual cost$50 annual report$60
State income taxNoneNone

Limitations of South Dakota partial anonymity

  • Higher filing fee ($150 vs $100 for Wyoming)
  • Manager disclosed on initial filing
  • Annual report required ($50/yr)
  • Primary value is in trust law, not LLC privacy
  • No state income tax (advantage shared with Wyoming)
  • For LLC privacy, Wyoming is more established and cheaper

Recommendation

South Dakota is interesting for trust pairing (SD has strong DAPT laws) but for LLC anonymity specifically, Wyoming is the better choice: true anonymity (no manager disclosure), lower filing fee ($100 vs $150), and comparable annual cost ($60 vs $50). Consider SD only if your estate attorney recommends pairing with a South Dakota trust.

Better alternative: form in a Tier 1 state

For true anonymity where neither members nor managers are disclosed, form in Wyoming ($397), New Mexico ($347 = $297 + $50 state), Delaware ($407 = $297 + $110 state), or Nevada ($722 = $297 + $425 state). If you need to operate in South Dakota, you can foreign-qualify your Tier 1 LLC here.

Want true anonymity?

Form in Wyoming, NM, DE, or NV. From $347.

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