Whenever you buy a domain name make sure you register it in your name, using your own credit card.
If you hire someone to handle your online business make sure that all the purchases are done with your credit card and under your name. Do not become a victim of Internet Fraud. Have full control!
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When Purchasing a hosting package keep your Website in mind. If your website is an Online store, or you are planning to build an online store and sell products online, you must purchase a dedicated IP so that you can add an SSL certificate for secure transactions. Sites that have SSL certificates have a higher rate of purchases and return customers than those with out security.
Since my first post, I encountered 3 people who made a mistake of letting other web developers buy their Domains and now they are all in search of these developers that are no where to be found.
Make sure you purchase the domains under your name using your own credit card!