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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the articles of association, including their necessity and purpose for UK limited companies. He explains that all limited companies must have articles of association, which serve as the main constitutional document adopted during incorporation. These articles outline the rules and regulations that the company and its officers must adhere to. Nicholas also touches on Model articles and the memorandum of association, emphasizing the importance of these documents in guiding company governance. The video aims to provide valuable insights for business owners and those interested in company formation.