I will be opening a barber shop for my brother. The business will be under my name. What?

are some tax benefits and other goodies I can get for having a ';small business';?I will be opening a barber shop for my brother. The business will be under my name. What?
You can claim losses %26amp; get back tax money at the end of the year.I will be opening a barber shop for my brother. The business will be under my name. What?
i hope your brother doesnt cut off someones ear.--also, if yall get along well now---get ready for that to change. sorry to be so negative--- just seeing it from my perspective.

gloss