www.covingtonleader.com
THE LEADER • Thursday, March 13, 2014 • A5 PAID ADVERTISEMENT
FINANCIAL FOCUS
Take steps to protect your family business
There’s nothing more important discuss other key business-succesin the world to you than your fam- sion issues, such as the retirement ily. However, your family-owned goals and cash flow needs of retirbusiness probably helps ing family owners and support your family. So, the personal and finanwhen it comes to protectcial goals of the next ing both your family and generation of manageyour business, you need ment. to carefully consider your In developing a plan moves. for the future of your As you know, you face business, you will need plenty of challenges to to determine who will keep your business runcontrol and manage FINANCIAL FOCUS ning smoothly — but it the business, and who STEVEN J. JONES can be even more diffiwill eventually own it. cult to pass the family busiThese decisions will deness on to your children or other pend on a variety of factors, such relatives. In fact, according to the as the time horizon, goals and fiSmall Business Administration, nancial needs of the family memonly 33 percent of family owned bers involved. businesses survive the transition Your succession plan could be from first generation ownership to based on a family limited partnerthe next generation. ship. Under this arrangement, you, Why is it so hard to keep a fam- as general partner, would mainily business intact? Sometimes, it’s tain control over the day-to-day because no one in the family is in- operation of your business, but, terested in running the business — over time, you could gift or sell but family businesses frequently limited partnership shares to your disintegrate because of the lack of family members. And eventually, a succession plan. you would also relinquish control To create a succession plan, your of the business to whoever is going first step — and possibly the most to run it. important one — is to collect the Another component of your sucthoughts and preferences of family cession plan might be a “buy-sell” members on their future involve- agreement, which allows you to ment with your business. It’s es- name the buyer for your business sential that you know who wants — such as one of your children to really do the day-to-day work — and establish methods to deand who is capable. During these termine the sale price. Your child conversations, you’ll also want to could then purchase a life insur-
ance policy on your life and eventually use the proceeds to buy the business, according to the terms established in the buy-sell agreement. We’ve just skimmed the surface of techniques that might be used alone or in combination to carry out your business succession. The transfer can be complex, so you will certainly need to consult with your legal and financial professionals. It’s important that you fully understand the business and tax implications of any succession plan, as well as the financial effects of a plan on all your family members. In any case, once you’ve created your succession plan, you’ll need to work with your legal advisor to put it in writing and communicate it clearly to all family members. Surprises are welcome in many parts of life — but not when it comes to transferring a family business. You want to leave your family a legacy. And if that legacy is the family business, do whatever it takes to pass it on in a manner that benefits everyone involved. This will take time and planning — but it can be well worth the effort. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Steven Jones is an Edward Jones Financial Advisor in Atoka. Visit him at 360 Atoka McLaughlin or call 901-837-9772.
TIPTON COUNTY’S
Most Wanted Seen one of these people? If so, call: 24-hour number: Central Dispatch 901-475-4300 Sheriff’s Office Tipline: 901-475-3307; email: sheriff@tiptonco.com Tipton County CrimeStoppers 901-476-4411 Or contact any local law enforcement agency to report any of these people.
Allen, Danny Lee Born: 6/26/1972 301 Little Rd. Martin, TN 38237 Charge: Obtain legend drug by fraud
Currie, Larry Donnell Born: 12/28/1972 Gay Street Ripley, TN 38063 Charge: Haibitual motor vehicle offender
Dowell, Gregory Lee Born: 11/8/1966 4001 Ashview Cove Memphis, TN 38118 Charge: Theft
Dowell, Kevin Tarrell Born: 4/18/1988 2745 Day Hill St. Gates, TN 38019 Charge: Poss. sch. II drug
Heath, Amber Lynn Born: 5/19/1989 133 Cullum Lane Munford, TN 38058 Charge: Theft under $10,000
Jones, Joshua Ray Born: 7/29/1987 99 Jacquelyn Cove Drummonds, TN 38023 Charge: Agg. burglury
Klimmer, Bradley William Born: 12/1/1991 1464 Mathis Rd. Drummonds, TN 38023 Charge: Theft under $1,000
Moore, Thomas Miles Born: 2/3/1958 15 Hurt St. Trimble, TN 38259 Charge: Habitual motor vehicle offender
Quinton, Marlin Dean Born: 3/5/1980 1882 Warner Dr. Memphis, TN 38127 Charge: Promotion of meth manufacturing
Stevens, Bryan Michael Born: 11/26/1975 4115 Pleasant Ridge Millington, TN 38053 Charge: Poss. sch. II
LETTER
Continued from A4 have a victim’s photo banned from the very proceedings determining the justice for that victim is not only unfair, it is outrageous. In a system where offenders have most of the rights, and the victims very little, banning a photo image of the victim makes it seem as if the victim is a dirty little detail of the trial, and not really important or significant for the jury to even care about. If you believe that victims should have the right to be represented in a trial, as they were in life BEFORE the crime, you can help make this happen. Please don’t walk away thinking there is nothing one person can do about this. Let the legislators on this committee know you support this bill, and that you want them to pass it. They work for you, after all. Five minutes of your time and your one voice will join many other voices, who, like you, believe this is the right thing to do. The legislators will hear one powerful voice – the voters who gave them their job in the first place. The information about who to contact is on our website at www.tnvoicesforvictims.org Your voice CAN make a difference when it joins other voices.
Need to get something off your mind? Send letters to the editor to news@ covingtonleader. com.
Verna Wyatt Executive Director Tennessee Voices For Victims
Under arrest
The following persons were booked into the Tipton County Correctional Facility March 2-8, 2014.
■ Austill, Devin Jhobe, 19, agg. burglary, del. of marijuana, agg. robbery, vandalism; March 5, TCSO ■ Bass, Burton Wayne, 27, shoplifting, March 2, CPD ■ Bechtold-Sarsfield, Esai Alex, 30, 19, intro of contrband into jail, simple poss. marijuana; March 2, MPD ■ Beloit, Ginger Lanell, 44, failure to appear felony, March 8, TCSO ■ Bomar, Timothy Blayn, 20, domestic assault, March 7, TCSO ■ Boyce, Debra Elaine, 55, delivery of marijuana, March 7, TCSO ■ Burk, Jerry Lee, 46, domestic assault, March 6, MUPD ■ Catholic, Melange Lodjuan, 31, driving on rev./canc./susp. license, no seatbelt, no insurance, light law; March 2, THP ■ Clark, Ejre Shun, 18, disorderly conduct, March 7, CPD ■ Clark, Whakeen Kinta, 37, domestic assault, March 5, TCSO ■ Cox, Rico Resean, 26, agg. assault no injury, March 3, TCSO ■ Dean, Brandon Xavier, 22, simple poss. marijuana, March 7, TCSO ■ Dickey, David Bruce, 32, sexual contact by authority figure, statutory rape by authority figure, statutory rape; March 6, BPD ■ Easley, William Thomas, 33, public intoxication, March 2, CPD ■ Erickson, Shannon Lee, 42, DUI first offense, March
8, THP ■ Eskridge, Branden Lynn, 18, shoplifting, March 7, TCSO ■ Fayne, Danne Lee, 57, driving on rev./canc./ susp.license, no seatbelt, no insurance; March 8, TCSO ■ Ferguson, Mallary Paige, 26, DUI first offense, March 7, TCSO ■ Fleming, Deborah Lynn, 51, delivery of sch. IV drug, resisting; March 8, TCSO ■ Fleming, Michael Anthony, 26, agg. assault with injury, March 6, TCSO ■ George, Scott Edward, 41, driving on rev./canc./ susp. license, light law, no insurance; March 8, TCSO ■ Godinez, Sandra, 33, driving on rev./canc./ susp. license, no insurance, speeding; March 8, MPD ■ Goodwin, William Lee, 62, domestic assault, March 4, TCSO ■ Goss, Shelby Danielle, 22, shoplifting, March 7, CPD ■ Graham, Jerry, 58, public intoxication, March 2, CPD ■ Green, John Joseph, 25, domestic assault, March 5, TCSO ■ Grooms, Joshua Shane, 35, viol. order of protection, March 6, MUPD ■ Grove, Timothy William, 21, sexual exploitation of a minor x 2, March 7, TCSO ■ Gupton, Samantha Lee, 26, theft, March 7, TCSO ■ Hatley, Billy Roy, 25, domestic assault, March 5, TCSO ■ Hodskins, Daniel Lee, 23, DUI first offense, March 7, TCSO
■ Horton, Johnny Edward, 58, felony failure to appear, March 8, TCSO ■ Hughes, Odie Lee, 40, shoplifting, March 2, CPD ■ Johnson, Clarence, 31, domestic assault, March 7, CPD ■ Jones, Kenneth Lavale, 21, reckless endagerment, poss. firearm while intoxicated, resisting; March 4, CPD ■ Jones, Margaret Felisha, 25, agg. assault, evading arrest; March 6, TCSO ■ Jones, Misty Benard, 34, Tenncare fraud, March 7, TCSO ■ Kilpatrick, William Joshua, 53, domestic assault, agg. assault; March 6, TCSO ■ Land, Tempton Hunter, 42, DUI first offense, consent law, driving on rev./canc./susp. license, light law; March 2, CPD ■ Lovett, Daniel Scott, 18, shoplifting, March 7, TCSO ■ Lovette, Richard Paul, 34, domestic assault, public intoxication, failure to appear x 2, TCSO ■ Maclin, John Sylvester, 21, poss. sch. III, March 7, TCSO ■ Mason, Cedric Jermaine, 36, disorderly conduct, March 7, CPD ■ McCulley, William Travis, 48, public intoxication, March 8, TCSO ■ McGregor, Jay Brooks, 56, domestic assault, March 2, APD ■ Mead, Reginald, 46, poss. controlled substance, March 5, TCSO ■ Nelson, Jessica Latrice, 29, domestic assault, March 8, CPD ■ Pannell, Tabatha Ann, 27, poss. sch. II, March 8, TCSO ■ Polk, Pierre Lashaun, 22,
driving on rev./canc./susp. license, open container, light law, no insurance; March 6, TCSO ■ Pratt, Eric Daniel, 32, felony evading arrest, driving left of center, reckless endagerment, disregard stop sign, false report; March 5, TCSO ■ Robinson, Myron Leron, 18, agg. assault no injury x 2, March 6, TCSO ■ Roundtree, Travis Colby, 25, driving on rev./canc./ susp. license, March 6, TCSO ■ Sigler, Aubrey Brian, 27, driving on rev./canc./ susp. license, no insurance; March 7, APD ■ Skaggs, Jerad Enee’, 26, DUI first offense, March 8, THP ■ Somerville, Kevin McQuiest, 23, attempted murder, March 8, TCSO ■ Stoddard, Kathryn Marie, 25, DUI first offense, impeding traffic, consent law; March 8, TCSO ■ Taper, Louis Curtis, 21, felony failure to appear, March 6, TCSO ■ Tatum, Brittney Shuntae, 23, driving on rev./canc./ susp. license, March 2, MPD ■ Taylor, David Lee, 41, agg. burglary, theft; March 7, CPD ■ Vergers, Travis Odell, 55, domestic assault, March 8, TCSO ■ Walls, John David, 34, rape of a child, March 7, TCSO ■ White, Timothy Allen, 46, rape, March 8, TCSO ■ Williamson, Derrick Rashun, 19, robbery, theft, assault; March 7, BPD ■ Wallace, Monica Joyce, 30, failure to pay child support, Feb. 28, CPD
Disclaimer: These persons are innocent until proven guilty. They will face charges in Tipton County General Sessions or Circuit Court unless warrants for their arrest were issued in another county (this may or may not be denoted in the listing of charges).
DO NOT ATTEMPT TO ARREST OR DETAIN ANY OF THE SUBJECTS OF THE WARRANTS LISTED IN THIS DATABASE. The list is current at the time of publishing and therefore recent changes in the status of warrants may not be reflected. It is possible that some warrants have been resolved and the matter is no longer pending. This information is being provided as a service to the public; however, neither the Tipton County Sheriff’s Office nor The Leader cannot guarantee nor assume any liability for the accuracy of the information at the time of use. All warrants must be verified for accuracy through our system prior to an apprehension. All persons charged are presumed innocent until proven guilty in a court of law. NO ATTEMPT SHOULD BE MADE TO APPREHEND THESE INDIVIDUALS EXCEPT BY LAW ENFORCEMENT OR PEACE OFFICERS. SOME INDIVIDUALS MAY BE ARMED AND SHOULD BE CONSIDERED DANGEROUS. If you recognize a name on the list, if you find your name, or if you find a discrepancy, please contact the Tipton County Sheriff’s Office at 475-3300 or via email at sheriff@tiptonco.com.
"911, what's your emergency?" If you don't have a legitimate emergency, you could be standing in the way of someone who does.
HELP SAVE A LIFE. Call the non-emergency line
901-475-4300