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Company bylaws are a single document outlining the rules for how a company's directors should manage the business. They serve as guiding principles for operating the company and dictate how the board of directors oversees daily operations. Banks require these bylaws when opening a commercial company account. Typically, bylaws are drafted by a lawyer as part of a limited liability package. MyBiz provides generic company bylaws, prepared by a lawyer, for businesses incorporating in Trinidad and Tobago.