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Lee Phillips, an attorney, discusses the importance of articles of incorporation for corporations and articles of organization for LLCs. These documents are filed with the state to officially create the business entity. They provide the legal framework under which the corporation or LLC operates, including aspects like limited liability and tax structures. It's crucial to have the correct articles and to understand their content, as some lawyers may provide overly complex, lengthy documents. However, Phillips emphasizes that states only require a minimal amount of information to set up these entities.