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Yeah....NO!
In most cases - No. Another common mistake that's often made is buying the domain name on behalf of the web design company. The money is yours, the domain name should also be. If for some reason you decide to change the web design company there's a real risk to not be given the domain access info from the old company. A new domain name have to be bought and you will have to start from the begining. It hurts. It really hurts. DualM studio doesn't compromise with it - we always buy domain names on behalf of the client no matter if it's a physical person or a corporation.