When partnering with someone who has a similar service business as you, is it best to do an actual merger or just create a new entity?

Question Details: I am in the fitness industry and I am looking to partner with someone who is also a personal trainer. We are looking to merge our companies and partner to go into larger training space. The my business name is N1 Motion and my partner would be dropping his business name and fold it into N1 Motion. What makes the most sense for our working together under one roof? Should we do an actual merger or do we just create a new business name to function under. Neither of us have employees.

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