This is a tough question to answer without having much context.
Additional information that an advisor would need to know are as follows: 1) The purpose of the transfer 2) The specific type of entities involved 3) The financial condition of the entities (i.
e.
debt & asset levels) and the 4) The consideration for the transfer.
Purpose of the Transfer - Let's take a look at the purpose of the transfer.
Why exactly are you thinking of transferring assets from one company you already own to another one you own? This is an important question to ask as this type of action can lead to significant legal & tax consequences if done improperly.
Entities Involved - How to properly handle the transfer is dependent on the specific entities involved.
They are separate legal entities and need to be treated as such to avoid having the assets & liabilities of the entities from being treated as the same.
Financial Condition - The financial condition of the entities is also an important factor to consider.
If the company you would like to transfer assets out of, is facing bankruptcy or dissolution, a transfer could be viewed as a way of hindering the creditor's collection claims process.
Consideration Given - Will the company receiving the assets be providing any sort of consideration (i.
e.
payment) for the new assets received? If you have other shareholders or members involved in the transferring company, then they will likely want to be compensated for the transaction.
Consult with a Professional - I just highlighted a few of the many factors that you need to consider when making this decision.
As such, I would highly recommend that you consult with a CPA and a tax attorney given the potential legal and tax consequences for moving forward.