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Lee Phillips, an attorney, discusses the importance of articles of incorporation or organization for establishing a corporation or LLC. These documents are filed with the state, which grants permission to operate under specific rules, providing benefits like limited liability and tax structures. Phillips emphasizes the need to have the correct articles and to thoroughly understand them. He notes that while many lawyers may provide lengthy documents, states typically only require minimal information for setup. It’s crucial for business owners to be aware of these foundational papers.