So no healthcare, no company provided machine on your desk, no paid vacation or sick leave, no retirement contribution, no invite to the xmas party, and no stock options or equity.
Negotiate your contract with that in mind, and charge accordingly. When and if you decide to do the "to hire" part of the arrangement, negotiate that bit knowing that equity and free cake at Stan's birthday party are now back on the table. (Favor the latter, as it's likely worth more).
Do you have some further concern about making this happen?