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In this episode of Whiteboard Thursday, Nicholas Campion from 1st Formations discusses the importance and purpose of articles of association for limited companies in the UK. He emphasizes that all registered limited companies must have articles of association, which serve as the main constitutional document established during the incorporation process. This document outlines the legal rules and regulations that the company and its officers must adhere to. Additionally, he briefly touches on Model articles and the memorandum of association, providing a comprehensive overview of these essential company documents.