Ruby on Rails

Hey rails-talk, I have a little question: How do you handle multiple
inserts like these in ActiveRecord? It's for a little Camping app that
skylerrichter is writing, but it's just plain, simple ActiveRecord, so
it shouldn't really be any difference from a Rails app:

   @company = Company.create(
     :name => @input.name,
     :sub_domain => @input.subdomain)

   # Create the first user:
   @user = User.create(
     :company_id => @company.id,
     :first_name => @input.first_name,
     :last_name => @input.last_name,
     :email => @input.email,
     :password => @input.password)

Both Company and User has validations, so there's a possibility that
they don't actually get saved to the DB, and in that case I don't want
*any* of them to be saved. I was thinking about something like this:

   begin
     Company.transaction do
       @company = Company.create!(
         :name => @input.name,
         :sub_domain => @input.subdomain)

       @user = User.create!(
         :company_id => @company.id,
         :first_name => @input.first_name,
         :last_name => @input.last_name,
         :email => @input.email,
         :password => @input.password)
     end
   rescue
     @errors = [@company, @user].compact.map(&:full_messages).flatten
     render :errors
   else
     redirect Login
   end

But I'm wondering if there's a better (more Rails-y) way to solve this?

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