To create a new virtual directory on a domain:
Note: To create a physical directory instead of virtual directory, click Create Directory, specify the name of the directory and click OK.
Note that if you are trying to change ASP Settings for the root Web directory, the default check box names will be Defined by IIS instead of Defined by parent directory.
To set access permissions for a virtual directory:
Refer to the Setting File and Directory Access Permissions (Windows Hosting) section for more information on setting access permissions.
To configure ASP.NET for a virtual directory:
Refer to the Configuring ASP.NET for Virtual Directories section for more information on configuring ASP.NET