Under Florida law, employers are required to pay employees the state minimum wage rate for all hours worked unless, the federal minimum wage becomes higher than the state rate or the employee is a “tipped employee.” A “tipped employee” is one who customarily and regularly receives more than $30 per month in tips.  Under both […]

While charting a career that has progressed from Certified Public Accountant to a world-class hotelier, Paul N. Leone has his eye on more than the bottom line.

Following the Sept. 11, 2001 terrorist attacks, the U.S. government nationalized the nation’s airport security.  But now critics – namely, Fox Business Network host John Stossel – are calling for the government to privative the Transportation Security Administration (TSA).  Stossell, who came to fame in many of his on-air, libertarian-skewed pieces on ABC’s news magazine […]

From the legal standpoint, buying a distressed business is very different than purchasing a healthy, solvent business.  A potential buyer of a distressed business must first determine both the nature and the degree of the target's distress.  In this regard, financial and legal due diligence are perhaps the most important components of any distressed acquisition.  […]

Each day as I drive to work, the thought occurs to me…. “So begins another day in paradise.”

As President and CEO of Compuquip, he started the business as a
one-person, financial solutions provider and today manages a regional, fully
integrated IT services company.