You can edit or delete an existing Business Profile by tapping the Ripl menu, then "Business Profile Settings." This will pull up the "Current Business" profile where you can tap the "Edit" button to change the name or type of business. At the bottom is the option to "Delete Business." 

On the web app, you can do the same by clicking on the "My brand" tab then selecting "Business Info." You'll scroll to the bottom of your screen to find "Delete this business."