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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the significance of articles of association for companies. He emphasizes that all limited companies in the UK must have this constitutional document, which is established during incorporation and outlines the necessary rules and regulations for the company and its officers. Campion also mentions the Model articles and briefly touches on the memorandum of association, highlighting their relevance in a company's legal framework. He encourages viewers to engage with the content by liking and sharing the video if they find it helpful.