Best location for corporation setup with no physical location?

I'm looking to put together a "virtual studio" with no physical location, at least initially. The current portfolio of founders could potential consist of members in 4 different states and 1 in Canada. We're considering setting it up with restricted stock at a very low price for the founders. Nobody will be drawing any salary until the money starts coming in.

I'm trying to figure out where the best place to form such a company. Seems like Nevada could be good with no state tax (but no founders there), but it appears in California (1 founder there) for example may require registering as a foreign corporation and being subject to corporate state tax... but in this situation would it really apply or be necessary?

I'm open to forming a corporation anywhere in the world, but something that has reasonable legal protections and lowest possible corporation taxes.

Any input would be most appreciated!

I suspect that you will, in fact, be conducting business in all of the locations and, thus, will have to file in each jurisdiction (though I will restrict my discussion to the U.S. locations, because I am not familiar with Canadian law).

You should form the corporation in one of the states where a founder is located. Please see Why (not) incorporate in Delaware? and Why (not) form an LLC in Nevada? You should seek the services of a tax advisor who is familiar with multi-state corporate issues right away.

Disclaimer: This post does not constitute legal advice and does not establish an attorney-client relationship.