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Discover LudwigThe phrase "Out of business" is correct and usable in written English
It is typically used to indicate that a company or organization is no longer operating or has ceased its commercial activities. Example: "After years of financial struggles, the small bookstore finally went out of business."
Dictionary
Out of business
adjective
No longer in business or service; defunct.
Exact(59)
PETS.COM: OUT of business.
EPIDEMIC.COM: OUT of business.
Out of business?
Out of Business After 90 Yrs.
Going Out of Business.
Put Starbucks out of business".
The company eventually went out of business.
The company went out of business.
Some firms may go out of business.
His firm, Drexel, went out of business.
Similar(1)
Put up the out-of-business sign.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com