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Originally Posted by Damien
Who owns the domain when you regisiter then? Is it the company or you? Why is it only possible to register for a year or two and what do big companys like microsoft and google do?
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Missed this question.
When you register a domain name, you own it, the company is really only acting as your 'agent' to register it on your behalf. - usually you can register a name up to 10 years (depending on what the extension is).
When it gets close to the expiry date of your domain name - you will be given the first option of renewing the name - long before anyone else gets the chance - i.e. a month + - with some registrars you'll find even if you miss the expiry date, you will still be able to claw back the name, and then renew it before anyone else does - though (of course) you'll find varying fees for varying agents.