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Lee Phillips, an attorney, discusses the importance of Articles of Incorporation for corporations and Articles of Organization for LLCs, which are necessary documents filed with the state to legally establish a business. He emphasizes that these documents grant permission to operate under specific regulations, offering benefits like limited liability and tax structures. It’s crucial for business owners to understand these articles, as lawyers often provide lengthy documents that contain minimal required information. Phillips advises that the states mandate only essential details for setting up a corporation or LLC.