How does one start a new political party in the US?

I know lots of money and a lot of people that agree with you is needed, but what else does one need to make it a legitimate political party. I want to start a new one called the Common Sense Party, since it seems the major partys we have now don't have any.

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Graylight · 51-55, F

But that's just it. They're charged with having just that and they shouldn't be let off the hook. That creates two languishing parties and one party which may use common sense but who are still diametrically opposed politically speaking.

We've been too long allowing the extreme ends of the spectrum decide for the other 80% of us.