Where do I put these Expenses? (Write Off Everything)

[Damon Porter]

I am going to be getting into real estate soon. However I would really appreciate some suggestions please.

I only own one company right now, and currently do not invest in real estate. I want to write some things off of my taxes, however I do not want to run them through my telecommunications company that I own right now, because my employee's bonuses are based off of the company's profit. Things like: business or real estate seminars or classes, business or finance or real estate books, travel/vacation expenses to go look at real estate, meals when I talk about business, etc.

I would like to write these things off, however I don't want to be unfair to other people who earn bonuses based off of the company's profit. Also, I am considering adding a partner soon, so it would also be unfair to each other if either of us wrote off real estate travel expenses, etc..

I am going to start investing in single family or multi family real estate soon, and plan to put them in their own LLCs.

Should I just form another company that owns all of the real estate LLC's and put my travel, personal development, business training, etc. expenses in the parent company? or maybe a separate consulting company and put the expenses in there? Maybe a completely different approach?

How would you recommend structuring the entities? Thank you!