Transfer of stock
If you are given stock in exchange for services rendered, as is the case here, the value of the stock given will be ordinary earned income for you, fully taxed when received. The corporation can take a deduction for the stock, but only to the extent of its basis, which is probably very little compared to current value.
However, you may be able to work out some sort of stock option plan, whereby the two of you are granted statutory stock options, with very low purchase prices. An employee has no taxable income when he receives or exercises a statutory option, and recognizes income only when he disposes of the stock.
Be careful though. Stock options rules must be followed precisely, and if the proper formalities are not followed, the result could be the opposite of what you intend. I definitely advise you to hire a CPA or tax attorney to plan this for you. Your situation may dictate some other strategy, and this is a complex area of tax law.