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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the importance of articles of association for limited companies in the UK. He explains that all such companies must have articles of association, which serve as the main constitutional document adopted during incorporation. These articles outline the rules and regulations that govern the company's operations and the conduct of its officers. Campion will also cover the Model articles and briefly touch on the memorandum of association. He encourages viewers to like and share the video if they find it useful.