Creating an LLC to invest in syndicated deals and funds?

[Eli Kallison]

I'm trying to optimize my tax strategy. I'm invested in a number of syndicated deals and private equity funds. Currently, I'm invested as an individual.

After reading about the ability to deduct business expenses before your income is taxed, it got me thinking about whether or not I should be forming an entity to invest through. Has anyone done this? It's not going to be for legal protection, rather for tax reasons. 

Would I deduct meals, travel, equipment, etc spent on research and upkeep of my investments? Are there any other reasons for or against incorporating for this?

Would love to hear your thoughts.