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Nicholas Campion from 1st Formations welcomes viewers to Whiteboard Thursday, discussing the necessity and purpose of articles of association for limited companies in the UK. He explains that all registered limited companies must have these articles, which serve as the main constitutional document, outlining the rules and regulations for the company and its officers. The articles are adopted during the incorporation process. He will also touch on Model articles and the memorandum of association. Viewers are encouraged to like and share the video if they find it useful.