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Lee Phillips, an attorney, discusses the importance of articles of incorporation (for corporations) and articles of organization (for LLCs) in his tutorial. These documents are filed with the state to legally create a corporation or LLC, granting limited liability and specific tax structures. Phillips emphasizes the need to understand these articles, which typically require minimal information by state law, contrary to what many lawyers may provide, which can often be overly complex. He stresses the importance of being familiar with the formation documents to operate your business effectively within legal parameters.