Paul W. answered 04/09/19
Dedicated to Achieving Student Success in History, Government, Culture
While the answer to the question would be NO, such an answer fails to explain why, although a company would be free to take such an action, the likelihood of a business actually doing so is extremely slight.
It would be fair to say that a business deciding to shut down rather than comply with government legislated regulations would be a case of 'Cutting off one's nose to spite one's face.' Above any other consideration, the goal of any business is PROFIT. The one certain way to ensure that a company fails to earn any profit is to shut it down.
Of course, there can be instances in which government legislated regulations could make a business unprofitable, that is, unable to earn a profit, which would result in the business in question shutting down. But this is not a matter of a company choosing to shut down.