If you're on the board of a small, tight-knit building were everyone knows their neighbors, it may be tempting to make decisions on the fly, or conduct building business in a more informal, handshake-based way than a board in a larger, more complex community might. But as these legal pros warn, it's crucial for all boards -- regardless of size -- to stick to a set of formal, codified policies and protocols when making decisions on behalf of their community.