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First, I'm interested in learning from others with experience on the subject.

Ben, thanks for the input. I'm already a Sub S. It's my understanding that the first 80K+ of income earned outside the USA is not taxable. Reducing my taxable income by this amount would seem to be a good incentive. Here's the set-up:

A.) My garage is converted into an office/warehouse in FL
B.) My company sells tangible products around the world through Internet and phone.

One possible scenario:
1.) Establish a company and corporate bank account outside the USA in a Tax-favorable country.
2.) All credit card sales revenue is deposited in offshore corporation's bank.
4.) Offshore Corporation either contracts existing Domestic company to ship orders or hires a private contractor to do so.

The above is just one possible set-up I can imagine. Be assured I would absolutely use the professional services of someone who actually knows what they're doing so I don't get myself into trouble. However, as previously stated in a previous post I want to gather a better understanding of the subject before deciding if it's worth it to take the next step.

In addition to the possible tax benefits there are also other incentives. I've spent a lot of time traveling internationally and enjoy being outside the USA. Secondly, America is going to hell-in-a-handbasket on the fast track lane. For figuring sake, let's say there's a 20% tax savings on the 80K That would be an additional 16K which could be put toward a property/investment assets outside the USA.