Creating new s corp name or retaining old name

I currently have a s corp for my website design firm and I plan to operate another business that sells food and groceries online. Am I better off creating a new corporation or using my old corporate name? Any pros and cons of doing one or the other? Eventually,
i plan to close my s corp for web design because business is slow but I get a different answers from people. Some say it is better using a old corporate name because it has longer corporate history but I never borrow any money and others say it is better to start fresh with less confusion since we will have different shareholders. What do you guys think?
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.