What Wyoming hides
- Member names: not on any public filing
- Manager names: not on any public filing
- Annual report only requires LLC name, registered agent, Wyoming assets
- No annual disclosure of officers or beneficial owners
What Nevada hides (and what it does not)
- Member names: not on Articles
- Manager names: required on Initial List (within 30 days of formation)
- Annual List of Managers required each year, including manager names
- If you list yourself as manager, your name appears publicly forever
Why this matters over time
Wyoming filings stay clean for the lifetime of the LLC. Your name never appears. Nevada filings update annually with manager names; if you change managers, the change is recorded. So even if you initially appointed a nominee, switching to yourself later creates a public record of the change.
Cost comparison
| State | Year 1 cost | Annual report | Registered agent |
|---|---|---|---|
| Wyoming | ~$397 | $60 minimum | ~$100/year |
| Nevada | ~$650 | $350 (Annual List) + $200 (Business License) | ~$100/year |
Charging order protection
Wyoming: strongest in the US under Section 17-29-503, including for single-member LLCs. Nevada: strong but not as well-tested in courts as Wyoming. For non-resident founders, Wyoming wins on this dimension too.
When Nevada might still make sense
Nevada has specific advantages for asset protection planning combined with Nevada residency (for some US-resident estate planning structures). For non-resident founders without US tax residency, those advantages do not apply. Wyoming is the better default.