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 fall in new company starts does not necessarily mean that the American economy is less dynamic than it used to be, or that Americans are opening up new establishments at a lower rate than they did in the late 1970s.