“The only thing is I will responsible for all the benefits: health, dental, Long term disability, etc...”
I am 59, my wife is 60. Our health insurance as self employed runs just shy of $2000 per month and that is with a $8750 deductible each...yes each. No R/X is covered until we meet the deductible.
At age 63-44 it goes up to $3200 month. Almost $40,000 per year. That is no dental, disability, life etc either.
Before you jump into the deep end of the pond make sure you know exactly what your expenses will be as a sub contractor
The alternative to that is being unemployed and unemployable unless you cave into their demands, get the shot and drop dead or be disabled for the remainder of your life.
Not much of a choice.
Could just get Medical/Dental for the wife and 7 yr. old kid.