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Lee Phillips, an attorney, discusses the importance of articles of incorporation for corporations or articles of organization for LLCs. These documents are vital for establishing a business as they are filed with the state, which grants permission to operate under specific rules, providing benefits like limited liability and tax structures. It's crucial to have the correct documents and to thoroughly read and understand them. Many lawyers may provide lengthy documents, but the states only require minimal information to set up a business. Understanding these articles is essential for effectively managing your corporation or LLC.