I would strongly recommend the USA and not some Caribbean tax haven.
There will be a ton of hidden costs and hassle if you moved your company to Panama. You have a family so it’s not even worth considering.
If you are married, take the new 20% S-Corp deduction and pick a state without income tax, you will pay a very nominal rate on even a high income. If you bet $500k you will barely push 20% taxes. That is fantastic when compared to other developed countries.
There will be a ton of hidden costs and hassle if you moved your company to Panama. You have a family so it’s not even worth considering.
If you are married, take the new 20% S-Corp deduction and pick a state without income tax, you will pay a very nominal rate on even a high income. If you bet $500k you will barely push 20% taxes. That is fantastic when compared to other developed countries.