How can you know if there is a lien on a domain you want to buy?

[labrocca]

I pay taxes based on the "value" of my property. Also I get taxed when I buy or sell property. Domains are best left as intangible inventory for MANY reasons. Property laws and taxes will only complex the entire domain industry. Domains are currently a leased item. We don't "own" the domains...we have an agreement with ICANN that gives us control on DNS.

Imagine registering a name for $10 and in 5 years you have to pay taxes on $50,000 because of appreciation and it's value even if you don't sell the domain. This can actually happen if domains become property. Anyone with a house can attest to the fact on how much extra taxes are paid on the real estate. We get taxed for just about every transaction and even if we just do nothing. The bill arrives....you gotta pay or they take the house.

Also if you are currently filing bankruptcy you don't have to show domains...since they are not property nor owned. Imagine you get into a car accident and someone sues you for your assets and get your domains because they are property! F all that....

 

[Theo]

Also if you are currently filing bankruptcy you don't have to show domains...since they are not property nor owned. Imagine you get into a car accident and someone sues you for your assets and get your domains because they are property! F all that....

Place all domains in a holding LLC entity. Hey presto, safe from civil lawsuits that involve personal assets.

As for domains not being included in bankruptcy, don't be so sure about that. I will get back to you when I find out some info from a friend who had to file for bankruptcy after a divorce.

 

[freeconnect2000]

I think you are over thinking this thing to death..that's my opinion...I think