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Best state to register a corporation in?

I’m trying to figure out which state is best to register a corporation in for my internet business. I believe I can register in any state as long as I have a registered agent there. It seems like Legal Zoom provides this service for $159 a year.

California, where I live, is very bad because they have a franchise fee.

It looks like South Dakota is very good. No personal income tax and no corporate tax.
Corporate tax table

I’m not sure if CA would require me to pay income tax on distributions though.

It seems like you can also form a company in the Cayman Islands and avoid tax altogether (?)
Website of a company that offers this service

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