Many would-be MBAs expect a salary after graduation that's far in excess of what they can actually earn. The average US MBA student expects to earn $140,000 on graduating, a 240% increase from the average current pre-enrollment salary of $58,000, according to a survey by QS TopMBA.com, The reality? Payscale puts the median for grads with 4 or less years of experience at $55,779, and $71,920 for those with 5-9 years.
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Attorney fees for an LLC will probably set you back somewhere from $500-$2500. There are state filing fees involved as well, but many lawyers will cover those costs as part of their bill. Corporations are likely to be a bit more expensive, likely somewhere between $750-$3000 on average.