Liam Hemsworth wants to launch fashion label

Cyrus, who was seen checking out men's fashion shows at SoHo fashion trade show Project New York, has also started doing some research for the 22-year-old actor, reported New York Post online.

"Liam's looking to get his start in the business, and may be thinking of launching a label of his own," a source said.

Last month, Hemsworth was unveiled as the new face of Bench clothing following in the footsteps of a number of stars including Joe Jonas, 'The Vampire Diaries' actor Michael Trevino, 'Pretty Little Liars' singer Lucy Hale and 'American Idol's David Archuleta.

Hemsworth proposed to Cyrus in May with a 3.5-carat cushion-cut diamond ring, handcrafted in 18-Karat gold from Neil Lane which he designed himself.