Unfortunately, yes. Even if it's just a partial tax year, you are responsible for filing tax forms for each year that your business is in existence -- regardless of whether it is generating revenue. Rather than form an entity so close to the end of the year, entrepreneurs might want to wait until January, and start the tax year afresh, unless they have a compelling reason to do otherwise . . . which they should discuss with their attorney and accountant.
The Coolest -- a cooler that comes equipped with a rechargeable blender for mixed drinks, a smartphone charger and other goodies -- is currently the second most funded project in the crowdfunding site’s history.