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Goatmetal

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I need to know who and where is the best place to buy a domain name from.

I'm not really familiar with buying domain names. So any help would be appreciated. Recently I checked to see if a certain domain was available, and it is. But I don't know where or who to purchase it from. Are there better companies to buy domains from? One of my friends said use godaddy.com. I went there and saw that it would be only around $12.00 for a year to own the domain name. Is this the only charge that most places have? are there any hidden things I should look for?
   Oh also...This is just something I've been curious about. Who actually owns domain names? If I bought the name from godaddy.com, how could they own it if I can buy the same domain name from another company? And then, how do THEY own the name? Who did they buy it from? And then so on? Thanks
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mcrossland
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Goatmetal

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Thank you. That's exactly the info and advice I was hoping for.
Your welcome.

Take care,
Mike