New Site Domain Transfer? When and Which One?

[melchapman]

OK... First of all... Hello and good day!

I am not sure if my subject line was the correct way to word it... but here is my delima and questions.

Before my client, was actually a client, he unknowingly got involved in what Yahoo finally figured out to be a link farm. The hosting company was encouraging all of their clients to link with one another.

Once Yahoo determined this, 1000's of sites were blacklisted and lost their rankings completely. The big crash was some time around July of last year and the sites (I have several clients with this hosting company) have still not recovered AT ALL.

My suggestion to him was to start a new site with a new hosting company under a new domain name. This way the bad taste that Yahoo has about the existing site will not longer be there because it is a completely new site.

It will consist of the same information, but it will be organized and optimized to the extent it should be. That is why I was hired in the first place.

Now here are my questions.

When do I have the existing domain transfered, and if it is transfered with a 301 redirect, will Yahoo see the new site to be the old one and carry over the penalties? Did that make sense?

Also... I have notice that Yahoo and MSN are usually the first to begin ranking new sites. With this in mind... if the existing domain is transfered to the new site... will the existing PR be transfered as well?

Also... which domain name should be submitted to the search engines once the new site is up and running. I say the new domain should be submitted and the old one should 301 to the new one.

Please tell me if these questions are asked correctly and if there is anything wrong with my plan... please say so. I don't want to do this wrong!

Thanks in advance and hope to hear from anyone soon!

Mel