If you want to close down your Collective, you can either archive or delete it. Either way, you first need to zero the balance.
Go to edit Collective > advanced to access these options.
If your Collective does not have any transactions or financial activity, you can delete it. Deleting a Collective will remove its data, including memberships, payment methods, etc.
If your Collective has transactions associated with it, archive it instead. The reason we cannot delete transactions is the financial ledger must retain its accuracy and integrity. Your income is someone else's expense, and your expenses are someone else's income.
If your Collective has transactions, you can archive it instead of deleting. This will mark the Collective as inactive and prevent any new donations.