A corporation cannot be governed, nor properly conduct business, without bylaws. A corporation's set of bylaws is the governing document setting forth the who, what, when and where that are essential to the corporation's business activities. When disagreements arise among shareholders, the bylaws serve as a guide to resolution. In addition, though some jurisdictions require a set of bylaws as a matter of law, most, if not all jurisdictions, look for bylaws when deciding whether to pierce the corporate veil (i.e., impose personal liability on shareholders). Schwaninger & Associates can be of vital assistance in the time consuming but important process of developing well-thought out and articulated bylaws to help ensure the smooth operation of business activities.