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How to best handle an entity structure change ?

Hello,

I was wondering if you could help me out on how to best handle an entity structure change.
The case is the following :

Entity A used to be owned by group 1. It is now owner by group 2.
Enhanced Org by Period is not enabled on our FCCS - apparently it cannot (? don't ask me why)

Clearly, the past needs to remain as is but for the future Entity A needs to roll up to group 2.
Should I simply create a shared member for entity A at 100% ownership rolling into group 2 while putting the ownership of entity A under group 1 at 0% ? Or is there another trick that I am not aware of yet ?

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