I don’t know the US system but in the UK you have two basic routes to running a business: sole trader or LLC. In the former, short of dying, it’s not possible

I don’t know the US system but in the UK you have two basic routes to running a business: sole trader or LLC. In the former, short of dying, it’s not possible to “disappear,” because you’re personally liable for everything. I’d guess that includes data breaches. In the latter, it’s also not really possible because the company must be wound up if it goes bankrupt. In the worst case, the government appoints administrators to wind the company up, who would be responsible for handling the assets. Now, if the processes aren’t up to scratch, maybe that’s a thing that needs to be fixed, but the structure is there to do it. At least in the UK.