Yes. Should you wish to, you can both permanently delete your companies Business Account (OR) temporarily hibernate/deactivate your companies Business Account. These actions can only be done by the Primary Account Admin user.
For more detail see: How to permanently delete or temporarily deactivate my Business Account.
NOTE: these actions apply to the Business Account and affect all users associated with the business account. You can also Suspend, Delete or Deactivate (specific) users from your Business Account.
See also FAQ: Can I Suspend, Delete or Deactivate Users?
