What is your Top Concern: Income Tax, Estate Tax, or Wealth Tax?
With EY support, entrepreneur John Conner, Jr. has preserved his legacy for the future benefit of his descendants, businesses and community.
The better the question
How does a family business leader build sustainability for generations?
An entrepreneur’s vision merges business growth with wealth preservation, balancing success with the legacy of dynasty trusts.
John Conner’s long-term vision has underpinned his entrepreneurial success for over five decades. That vision is to invest in farmland and agricultural businesses while empowering communities and driving economic growth across the US mid-South.
In 1970, Conner began working full-time on the 8,000-acre farm in Northeast Arkansas that had been in his family since the 1870s. Since then, he has expanded the farming operation to encompass over 125,000 acres of farmland. He has also seized the opportunity to serve local agricultural communities by building up a dozen businesses, including Holden Conner (a farmland investment and management company), a 30-location agricultural machinery dealership, a 60-location fuel distribution business and a commercial construction company.
Together, these interconnected businesses form a network that employs more than 1,500 people across Arkansas, Louisiana, Mississippi and Missouri. The businesses are aligned by their complementary services, commitment to long-term sustainability and shared family values.
He Built a 125,000-Acre Empire. Then Planned 200 Years Ahead. See how dynasty trusts and governance planning helped protect a family enterprise for future generations. Click here to read the case study.
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About EY Family Enterprise
As trusted advisors to ambitious business-owning families, including more than 90% of the world’s top 500 family enterprises, EY teams have the experience and know-how to support the entire family enterprise — family members, their family business, and their family office.
The EY approach to working with family enterprises is anchored in the EY Family Enterprise DNA Model. This model supports both the personal and business performance agendas of family enterprise leaders by pinpointing four key areas of focus to achieve their ambitions: family, values, business and assets. We combine our understanding of these focus areas with decades of experience working with the world’s most entrepreneurial families to create a framework for guided conversations on topics that matter most to family enterprise owners.
EY Family Enterprise professionals can support you in identifying and optimizing the drivers that impact family businesses’ growth and longevity, preserve wealth, and culture, and solidify intergenerational legacies. Family Enterprise Business Services | EY - US
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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