"suspend business" is correct and usable in written English.
It is usually used to refer to temporarily suspending (or stopping) business activities or operations. For example, "The company decided to suspend business operations until the pandemic was under control."
Many banks, and the Greek stock exchange, temporarily suspend business.
Without an extension, many government agencies would therefore have to suspend business after the current continuing resolution expires on March 27th.
Last November, more than a dozen members of Mexico's Congress received calls saying that their children had been taken, prompting the legislature to suspend business for the day.
The evidence of appellant and its witnesses is devoted, chiefly, to establishing the fact that appellant did not suspend business and was fully able to pay for the wheat contracted for.
It was difficult for us to distinguish ourselves from those other companies, but if I changed the corporate name I would have to refile in 50 states and suspend business until the new name became official.
Washington Mutual immediately suspended business with eAppraiseIT, pending further investigation.
Merchants closed their shops, banks suspended business, and workers went on strike to pressure the government.
WHEN big chunks of America's federal government suspended business on October 1st markets mostly yawned.
The bank had shortly before suspended business, and upon due examination had been found to be insolvent.
The New York Stock Exchange suspended business and members carried the war hero around the trading floor on their shoulders.
While there may have been rumors to this effect, the evidence fails to establish the fact that appellant had suspended business.
