DEXIT: Is Delaware Losing Its Corporate Crown—and Is Texas Next in Line?

Attorney and CPA Chad D. Cummings presents this timely presentation on the accelerating corporate exodus from Delaware, now known as DEXIT. Major companies including Tesla and ExxonMobil have already redomesticated to Texas, while TripAdvisor, Dropbox, and Pershing Square have moved to Nevada. Even Meta has reportedly considered Texas. This is no longer a niche trend—it is a structural shift driven by Delaware court decisions that created uncertainty for boards and shareholders. Texas and Nevada are stepping up with business-friendly reforms, no personal income tax, and more predictable legal environments. This presentation explains why the default choice of Delaware incorporation is breaking down, what the new alternatives offer, and exactly how redomestication works for companies of any size. Redomestication allows you to transfer your company’s state of domicile to Texas or Florida without creating a new entity, without dissolution, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If you are still incorporated in Delaware or any high-friction state, this presentation shows why now is the time to evaluate your options. Learn more: https://www.cummings.law/redomestication/