Q: Should we merge our companies or just change the name?
We have two different companies that basically do the same business. 1 partner is the sole owner of Company A and a 30% owner in company B. He wants to merge Company A into B and do business under Company B. The reason is because Company B is a construction company and we want to use the financials from the past company to prove we have the capacity to preform work. The goal is for Company B to look like a 5 year old company instead of the new 2 months.
thank you very much, if you can answer and help us out we would like to do futher business.
should we merge the companies or simply change company As name.
A: Changing the name would have no effect. So, I would advise you make the businesses one business. You have not said what type of business Company A is. But should they have the same or similar purposes it should be fine. However, I do urge you to consult with an attorney so that he or she can get more details to be certain they are advising you correctly.
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