My boss has just started a new company, and I do not know what to do with the accounts in the old one, like loans, accounts payables, etc. He said that the old one is slowly merging to the new one, but how do I transfer the loan balances for example. Do I put them as debt to the new company, or is a loan from the old company to the new one: When is the old company officially closed? Do I need some kind of paper work stateying so?

Please help!