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Lee Phillips, an attorney, discusses the importance of articles of incorporation for corporations and articles or certificates of organization for LLCs. These documents are filed with the state and serve as the legal foundation for creating a corporation or LLC, granting permission to operate under specific rules that provide limited liability and tax structures. It's crucial to have the correct articles and to comprehend their content. While lawyers might present lengthy documents, states only require minimal information to set up these legal entities. Understanding these articles is essential for entrepreneurs.