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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 emphasizes that all registered limited companies must adopt articles of association during incorporation, as it serves as the main constitutional document. These articles define the rules and regulations that the company and its officers must adhere to. Campion also introduces the concept of Model articles and briefly mentions the memorandum of association, highlighting their relevance in understanding a company's governance and operational framework.