It is advisable when developing your business name to see if the domain name is available for purchase. If not you may have to be inventive. I recently started working with an SME who had already registered their domain name with www.uk2.net. At first glance they appear to be a cheaper than other domain name companies. With good reason. Once you get started you realise that they are a but like Ryan Air, everything is an extra.
Now if you own a domain name, I can guarantee that you will want to hook it up to a website. If the site is hosted somewhere else it appears that some domain name companies want to charge you for the privilege of pointing it to your website. Not just once either but every year and this is on top of your domain name registration fee.
There is a better way 123-reg.co.uk offer an all in price when you register the domain name. Unlimited updates and access to a host of other services. They might be £2 more expensive to register your domain name but it pays in the long run.
If you need assistance registering your domain name then do give me a call.
Michael Bates - Director - MSI Commerce, marketing driven e-business