Retrieving Domain name from Domain Name Sitter
March 28, 2013 3:32 AM Subscribe
I have a domain name in mind that I want to register for my new web design business. Currently it is owned by a domain sitting company, hugedomains.com. They want almost $2,000 to buy the domain name. Obviously I am less than eager to fork over that amount.
So, here is a solution I am toying with. I was looking into incorporating as an LLC, under the same name as my wanted domain (it is available). This will cost around $300.
Then as a corporation, I can trademark the name of the company (also available) with the US Patent & Trademark Office. This will also cost around $300.
After I have completed the above 2 steps, I believe that I am then entitled to approach the Domain Sitting company and demand that they hand over the domain.
Has anyone gone through a similar scenario? The way I've explained it above, is that how it works? Or am I in cuckoo land and completely misinformed?
Any input is truly appreciated.