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In this episode of Whiteboard Thursday, Nicholas Campion discusses the importance of articles of association for limited companies in the UK. He emphasizes that all registered limited companies must have these articles, which serve as the main constitutional document. The articles are adopted during incorporation and outline the rules and regulations that the company and its officers must adhere to. Campion also mentions the existence of Model articles and touches on the memorandum of association, clarifying their roles in company operations. He encourages viewers to like and share the video if they find it useful.