Report: #DEXIT is just getting started, and the Delaware exodus to Texas continues.

Attorney and CPA Chad D. Cummings discusses the accelerating trend of companies redomesticating from Delaware to Texas in this presentation. In June 2024, Tesla and SpaceX led the way. By June 2026, the movement has expanded significantly, with eight additional companies, including Dell Technologies, voting to redomesticate in a single month, representing a combined market value of approximately $290 billion. Since June 2024, more than 25 companies with over four trillion dollars in aggregate market value have committed to the move. This presentation examines the governance and tax advantages of Texas, the statutory conversion process used by these large corporations, and how the same redomestication mechanism is available to small and mid-sized businesses. Redomestication transfers the entity to a new state without dissolution and without federal income tax consequences when performed correctly, preserving the FEIN, contracts, credit history, and bank accounts. If you own a business still domiciled in Delaware or another high-tax state, the pattern is clear. Learn more: https://www.cummings.law/redomestication/