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Change the Existing legal entity name With New Name, Impact of this change in Financial module.

Summary:

Our Client having 3 legal entity in oracle system, Client requirement is that they have to change one of them legal Entity name with new Name.
If we can change the Old legal entity name With new name .can you please help us on following Query

1-Can we Update Old legal name With New legal entity name.
2-Changing the legal entity name will have any financial impact from FIN side ?
3-Is it possible to keep the old legal entity name for all the existing old transaction, client want this new legal entity name to be appear only for new transactions.

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