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How do I control the margins of this text so that it can be left justified but have a border still?
Type > Area Type Options > Inset Spacing...
Thanks for reaching out. I hope the suggestions shared by John helped resolve the problem. You may also have a look at this help article (https://helpx.adobe.com/illustrator/using/align-text.html) for more info.
Feel free to reach out if you have more questions or need assistance. We'd be happy to help.