Bracewell is one of the top players in the Houston market.
Chambers USA, 2025
Bracewell’s Texas reincorporation and relocation team advises companies looking to convert, redomesticate or incorporate as a new entity under Texas corporate law. With the recent passage of Senate Bill 29 (S.B. 29) and Senate Bill 1057 (S.B. 1057), Texas has become a destination of choice for companies looking to relocate their legal entity or start a new business. Bracewell is uniquely positioned to advise companies on the opportunities presented by Texas’ pro-business legal framework and tax incentives.
Our corporate and securities team has decades of experience advising public and private companies on various Texas corporate law matters, including:
- corporate governance and compliance
- securities
- shareholder agreements
- entity formation
- reincorporation
We have advised clients on the conversion of corporations and other entities domiciled in Delaware and other jurisdictions into Texas entities, as well as the formation of Texas entities and the establishment of corporate governance procedures designed to comply with Texas corporate law.
Notably, we advised SpaceX and Starlink on their move from Delaware to Texas, which involved the conversion of 15 Delaware entities — including corporations, limited liability companies and a nonprofit, nonstock foundation — to Texas entities. Over the course of this representation, we conducted a detailed analysis of the impact of Texas corporate law on SpaceX’s highly complex capital structure, which includes numerous classes and series of preferred and common stock with varying voting rights and liquidation preferences. We ultimately developed bespoke, creative solutions that preserved the rights of existing shareholders to the maximum extent possible while complying with Texas corporate law.
Bracewell also played a role in the launch of the Texas Stock Exchange (TXSE), representing the financial advisor to TXSE Group, Inc., the parent company that launched the TXSE. The New York Stock Exchange has also announced plans to reincorporate in Texas, further solidifying Texas’ position a major financial center.
Bracewell’s extensive Texas corporate law experience, along with our role in recent, high-profile matters, ensures that our clients receive timely and informed advice on this rapidly changing legal and business environment.
