Transfer domain to someone else?

Hey all. I registered a domain for a friend who later decided she wanted to host with a different company. Is there any way that I can transfer ownership of the domain to her instead of me?

check this wiki article for the procedure:

while your waiting for the transfer to occur, you can also change the nameservers on the domain so that she can use it while you’re waiting on the transfer.

for the record, where the domain is registered and where it is hosted are two entirely different things, and do not need to match.