You mentioned that you have a newly incorporated Startup, and an incorporated Consulting Business how are they incorporated? As an S-Corp or a C-Corp?

If they are S corp then none of that matters because because of the businesses activities will flow through on your personal tax return anyway. If it is C-Corp then you could look at the transfer of assets if you wanted to keep the books clean.

Also depending on the type of equipment you have, some of them may have a useful life of 5-7 years. You should first find out how they are incorporated, if S-Corp then it's best to do nothing in my opinion, because it won't change anything.