While it can be very difficult to give up a task you think is important, the free time you gain from delegation can be impressive. Founders and CEOs often run into empowerment issues as they get caught in an infinite loop. First, they think that they are the only one who can handle the task and that no one else can handle it. Second, even if they did find someone to delegate it, teaching the task would take too much time to make sense. In fact, delegation can free up most of your time. If your colleagues have time, you can simply transfer some of your responsibilities to them. Alternatively, you can outsource the task to someone, such as an intern or a recent college graduate.
If they control your domain, they may hold you hostage. Or worse, they might let your domain expire without notice, causing you to have to industry mailing list to restore it. Domain registrars typically send notices to those listed in the registration before the domain expires. If you are not among those listed in the domain registration, you will not receive a warning.
This is your online business address. You spend hours looking for the perfect domain name for your business, and then you have someone else register the domain name on your behalf. When this happens, it's likely they are the people associated with the domain, not you. Having someone else have this name is a disaster waiting to happen. What happens if your relationship with that person changes? What if you no longer want to work with that person and want to move on?