Louis Tomlinson has registered a name for his record label. The One Direction star, who announced earlier this year he wants to launch his own company when his band go on hiatus next March, has filed papers to secure the moniker Triple Strings Ltd, according to The Sun newspaper. The 23-year-old singer is launching the venture with Sony's lawyer Michael Smith and One Direction's legal adviser Lawrence Engel under Simon Cowell's Syco Entertainment. And it's believed Louis has already signed last year's 'X Factor' finalist Jack Walton to his new label, as well as a girl group he found when he judged Be in the Band 2015. The soon-to-be dad announced the creation of his label in April and said he will make the expansion and success of his business his priority during his time off from the band. He said: "This is something I've wanted to do for some time. "To be given the opportunity to potentially give new artists a platform is an incredible feeling. I hope to sign some really exciting new artists down the line." Meanwhile, Louis may be busy with mentoring other artists but his bandmates are keen to carve out their own careers. Harry Styles, 21, has been tipped to make a solo album and feature in Hollywood films, while Niall Horan, 22, is believed to be eager to also make music or work in sports promotion. Liam Payne, 21, previously said he is hoping to get into music production and former One Direction star Zayn Malik, 22, is keen to make a name for himself in the United States.