I recently participated in a presentation on this topic at the PLRB Central Regional Conference in Columbus, Ohio. I thought I would share the highlights with those of you who were unable to attend the Conference.
The first question you may be wondering is “what is a mercantile business”. A mercantile business can be any business engaged in the buying and selling of products. These businesses could range from restaurants to department stores to convenience stores. Basically the distinction is that these are not manufacturing businesses which bring their own particular complexities to the business income loss measurement.Read More