Many companies have been considering going private as a part of their efforts to reduce expenses. "Going private" transactions describe the process of shareholders, management, or affiliates of a public company taking the company private by reducing the number of its shareholders to fewer than 300 thereby suspending the company's obligation to file public reports with the Securities and Exchange Company ("SEC"). This article will set out the benefits and detriments associated with a going private transaction, which a company should consider before making a determination whether going private is in the best interst of the company and its shareholders.