
Quoting
Taxing Matters
The stock is an asset of yours. The extent to which it is community property is another matter, and for that you’ll want to consult a divorce attorney (you’ll need one anyway). All the assets of the corporation are the corporation’s assets, not yours, so you don’t list them as your assets; the value of the corporate assets is reflected in the value of the stock. As the corporation has few hard assets and basically is just a vehicle for you to use for your employment it probably does not have great value. After all, if you wanted to sell it to someone, I doubt they’d pay much for it, especially if you aren’t going to continue working there. They’d just get a few used assets.