Copy application OR copy pipeline between apps

Our team is splitting up into 2. Each team will be operating different parts of the business. To get the new team started we want to either copy an Application or create a new application and copy a Pipeline from the original app into the new one. The only approach that seems possible is to copy the JSON for the Pipeline from one app into the new one. Is there another way? If not, will the inclusion of the existing GUIDs in the JSON cause any problems?