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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 essential documents filed with the state to create these business entities. He emphasizes that corporations and LLCs are state creations, granting limited liability and tax structures, among other benefits. It's crucial for individuals to understand these articles since they contain the minimal necessary information required by states to establish a business. Phillips advises against overly lengthy documents that some lawyers may provide, highlighting the simplicity mandated by state requirements.