The timing does not imply the LGBT’s support of a poll date delay, as demanded by anti-government protesters, the organisers said.
Its co-founders argue the idea of having their own voice in parliament is still taking shape and they need to go through the registration procedures.
"We cannot do it in time for Feb 2," party co-founder Chumaporn Taengkliang told a meeting of members of the LGBT community Saturday.
Politically, its advocates say the party can draw members from both the pro- and anti-Thaksin camps.
Socially, the party expects to push laws to ensure equal treatment for people of all sexes, especially the LGBT whose status is still not widely accepted in society, said party co-founder Patcharee See-eaw.