Choosing a Domain Name???

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    Real basic question I know, but Microsoft just seemed to confuse the matter for me.

    I am setting up and installing Server 2003 (only server in company). We host our own website I will be setting up active directory. Now, my question is do I have to name my domain name Are there advantages/disadvantages to naming the domain the same as an already reserved URL?

    THanks in advance

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