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News
Here are the biggest companies that have followed Elon Musk out of Delaware
1+ mon, 2+ day ago (1152+ words) Companies continue to leave Delaware, a state historically known for being business-friendly. Elon Musk inspired the exodus in 2024 when he reincorporated SpaceX in Texas. DoorDash was the most recent major company to announce its intention to leave the state. Delaware…...
DoorDash Quits Delaware, $3+ Trillion Moves to Texas, Nevada
1+ mon, 2+ day ago (760+ words) For more than a century, Delaware enjoyed something close to an automatic presumption in American corporate law: If you were building a major company or preparing to go public, you incorporated in Delaware. That presumption no longer exists. On Tuesday,…...
Could a business court help Wyoming be the next Delaware?
1+ mon, 4+ week ago (571+ words) Delaware has long been the go-to state for registering companies because of its favorable business laws. But now Wyoming is taking the lead, and its chancery court could help bring more companies out West. When you think about Wyoming businesses,…...
DEXIT to Texas: Companies continue to leave Delaware for Texas
2+ mon, 2+ week ago (433+ words) (The Center Square) – Companies are continuing to leave Delaware, redomiciling in other states, referred to as DEXIT. More recently, Fortune 500 companies have been making high profile announcements to redomicile in Texas, leading a DEXIT to Texas movement. They include reduced…...
Texas Capital to remain incorporated in Delaware after 'Dexit' vote fails
4+ mon, 2+ week ago (505+ words) Texas Capital Bancshares would have become the latest company to join the "Dexit" trend, but shareholders said no. The Dallas-based parent company of Texas Capital Bank put forth a proposal to move its corporate charter to Texas and leave Delaware....
The data behind Delaware's ‘corporate exodus’ tells a different story
4+ mon, 3+ week ago (819+ words) • Amid legal rulings and culture-war politics, a series of high-profile large firms relocated their incorporations away from Delaware. The move has been dubbed “the DExit.” • But aggregate formation data show those Fortune 500 moves were the exception. Business applications increased after…...