By: Martin M. Shenkman, CPA, MBA, JD
A man’s home used to be his castle. A man’s home might now be his domain. Like many entrepreneurs, you may have accumulated nearly a score of domain names. Your key businesses have domain names. The ideas you were batting around with Joe at the corner bar led you to reserve a couple of domain names, and so on. In many cases, these domain names are scattered among a number of different providers, with random renewal dates. There is danger in this disarray. The media recently reported how a company lost its domain name, since it did not renew it. The provider could not reach the owner because its contact information wasn’t current. KISS (keep it simple and stupid) solution: consolidate all your domain names to one provider. We like www.godaddy.com and not only for their Dobbi Gillis sounding name. For a modest fee, you can have all your domain names expire on the same date. You can pay for those names for 10 years, so the renewal problem will not arise for that long. Calendar that renewal date. If your email or other contact information changes, you only have one provider to notify.
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