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LDS doctrine does not subscribe to traditional creedal trinitarianism. That is, the LDS do not believe the extra-biblical doctrines which surround many Christians’ ideas about God, such as expressed by the Nicene Creed. Specifically, the LDS do not accept the proposition that God the Father, Jesus Christ, and the Holy Spirit are different manifestations of the same Being.

Rather, LDS doctrine teaches that God the Father is personally and numerically distinct from Jesus Christ, His Only Begotten Son. The Father is understood to be the literal father of His spirit children.

LDS believe that Jesus Christ’s role is central to our Heavenly Father’s plan. Christ is unique in several respects from all other spirit children of God:

Jesus was and is perfect
Jesus is God; the other spirit children of the Father were not (See John 1:1-2, Hebrews 1:6, 1 Nephi 11:16–26, D&C 76:13).
Jesus is the Creator (See John 1:3, Hebrews 1:1–6, Mosiah 3:3, Helaman 14:12, Moses 2:1).
Jesus obeyed the Father in all things (See 3 Nephi 11:11).
Jesus was chosen and foreordained to be the Redeemer (See Isaiah 43:11, Mosiah 13:28–34, 3 Nephi 9:15, Moses 4:2).
Jesus is the Mediator between God and humanity (See John 14:6, 1 Timothy 2:5, Hebrews 8:5, 2 Nephi 2:28, D&C 76:69).
Jesus was “the Only Begotten”—only He, of all God’s children, had a physical inheritance in His body from God the Father. All other mortals have two mortal parents, and Satan and his followers never receive physical bodies at all. (See John 1:14, John 3:16, John 14:3, Jacob 4:11, Alma 12:33–34).
God the Father also had many other spirit children, created in His image and that of His Only Begotten. These children include all humans born on the earth. Some of God’s children rebelled against Him, and contested the choice of Jesus as Savior. (See D&C 76:25–27). The leader of these children was Lucifer, or Satan. Those spirit children of God who followed Satan in his rebellion against Christ are sometimes referred to as “demons,” or “devils.” (See Moses 4:1–4, Abraham 3:24–28).

Thus, it is technically true to say that Jesus and Satan are “brothers,” in the sense that both have the same spiritual parent, God the Father.

However, critics do not provide the context for this doctrine. Cain and Abel were also brothers, and yet no Bible reader believes that they are spiritual equals or equally admirable.

Finally, while it is true that all mortals share a spiritual parent with Jesus (and Satan, and every other spiritual child of God), we now have a different, more important relationship with Jesus. All of God’s children, save Jesus, have sinned and come short of the glory of God (Romans 3:23). In sinning, they abandon and betray their divine heritage and inheritance. Only through Jesus can any mortal return home to God the Father. This return becomes possible when a sinner is born again, and adopted by Christ, who becomes the spiritual father to those whom He redeems. (See Romans 8:14–39.)

Elder M. Russell Ballard cautioned members of the Church:

We occasionally hear some members refer to Jesus as our Elder Brother, which is a true concept based on our understanding of the premortal life with our Father in Heaven. But like many points of gospel doctrine, that simple truth doesn’t go far enough in terms of describing the Savior’s role in our present lives and His great position as a member of the Godhead. Thus, some non-LDS Christians are uncomfortable with what they perceive as a secondary role for Christ in our theology. They feel that we view Jesus as a spiritual peer. They believe that we view Christ as an implementor for God, if you will, but that we don’t view Him as God to us and to all mankind, which, of course, is counter to biblical testimony about Christ’s divinity…
Now we can understand why some Latter-day Saints have tended to focus on Christ’s Sonship as opposed to His Godhood. As members of earthly families, we can relate to Him as a child, as a Son, and as a Brother because we know how that feels. We can personalize that relationship because we ourselves are children, sons and daughters, brothers and sisters. For some it may be more difficult to relate to Him as a God. And so in an attempt to draw closer to Christ and to cultivate warm and personal feelings toward Him, some tend to humanize Him, sometimes at the expense of acknowledging His Divinity. So let us be very clear on this point: it is true that Jesus was our Elder Brother in the premortal life, but we believe that in this life it is crucial that we become “born again” as His sons and daughters in the gospel covenant.[1]
[edit]Conclusion
Jesus, Satan, and all humanity share God the Father as their spiritual sire. However, moral agency led Jesus to obey God the Father perfectly and share fully in the Father’s divine nature and power. The same agency led Satan to renounce God, fight Jesus, and doom himself to eternal damnation. The remainder of God’s children—all of us—have the choice to follow the route chosen by Satan, or the path to which Christ invites us and shows the way.

Divine parenthood gives all children of God potential; Christ maximized that potential, and Satan squandered it.

To choose the gospel of Jesus Christ and the grace that attends it will lead us home again. If we choose to follow Satan’s example, and refuse to accept the gift of God’s Only Begotten Son, our spiritual parentage cannot help us, just as it cannot help dignify or enoble Satan.