Only issue is if you live in California and pay yourself you’re still subject to most of the California specific business laws as a company doing business in California, so it’s difficult to escape by incorporating elsewhere.
If you aren't generating revenues and want to incorporate to hold the IP then why throw good money away on a state that requires annual fees? As I understand it, you can always transfer the IP to another entity before it has any market value. This can let you and others start building with a relatively low cost.
I just setup a company where it will take a few years to build something in Ohio. It's $99 once and no annual fees. Zero dollars a year.
https://bsportal.ohiosos.gov/
From my non legal perspective, if you aren't yet generating revenues it pays to incorporate outside of California.