Forming a political party in itself won’t put you in any more danger than being an activist. At least TPTB will think they have some control over what parties can do, unlike unpredictable activists.
Also, it depends what you put in your constitution/manifesto when you submit an application to register a party. If you stated that you’re intending to ‘overthrow the system tomorrow’ then your application would probably be rejected outright.
If you set out the basic principles of Meritocracy however, and a few things relevant to your state/country about how you aim to improve things, then you’d probably be successful in forming & registering a Meritocracy party.
I’ve just submitted an application this week for a purely Scottish M party & I’m waiting for it to be passed or not. ( 20-30 agonising days await… ) Roberto has worked hard & already registered the UK Party. ( UKMP ) Even then, we both have to gain members, funds etc… to put candidates up in elections. Over here, you can still register a party & opt out of fighting in elections until you’re ready. So, we’ve basically sown the seeds for future political activity.
The question is - how long will you wait? Maybe because of the fear of being targeted thing, you might want to synchronize registering parties at around about the same time. At the end of the day, it’s all up to each of us individually to take the plunge, or not.
All I can say is I’ve taken the plunge & I’m glad I did. I could have mulled it over for weeks, months, years & it might never have happened. Once I decided to go for it, I also got great support from Roberto & his team throughout the process. It’s not as if you’d be out there on your own, we’re all here to help one another & give support when needed.
My advice is - find out what documents you need to register, learn all about the process & how much it costs. ( The people forming the party will probably have to fund the initial set-up themselves, as I did )
Next, be aware of what you have to do officially to maintain the party each year. ( Submitting quarterly financial records as a minimum )
Then put it all together & just do it!