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!