廃業

1. Origins, structure, and basic meaning

• Structure: 廃業 is read はいぎょう and means ending an ongoing business or trade.
• Basic usage: It is used for a studio closing because of its owner's age or for considering whether someone can take over a business.

2. Common pitfalls and similar expressions

• Compared with 休業
  • 廃業 focuses on ending the business, while 休業(きゅうぎょう) focuses on suspending operations temporarily. The distinction concerns plans to continue operating, not merely whether the shop is open at that moment.