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Can I do this and what are the ramifications please?
Yes you can I've never had a problem:-)
I have a personal Google adsense account, but now I need one for my company
Originally I wasn't going to reply to this...
... as I've said repeatedly before, don't talk to the monkeys - go directly to the organ grinder with these kind of questions where it's important to you for a definitive answer.
Don't rely upon anecdotal experiences of others. It's important to you remember!
Contact AdSense, ask and then give them the full up front facts. I can promise, they don't bite.