Folders allow the elements of the Relate Structure to be organized into sub-groupings.  Folders can be made visible in Relate record navigation or used only for organization of Relate Structure.   Folders have only 5 settings, plus bundle membership settings described elsewhere:

Setting	Description
Name	The display name of the folder
Label	The label is the name of the folder as seen in Relate record navigation.  If left blank, the name is used as the label.
Location	Indicates the parent folder of this folder.  Folders can be contained within other folders to create groups, sub-groups and sub-sub-groups to any depth.  The location property does not effect the position or order of the folder relative to other elements contained within the same folder.  The contents of each folder can be re-ordered directly from the Relate Structure screen
Show in record nav. (Relate/HQ)	If selected, this folder will be shown in record navigation when viewing records in HQ and Relate.  If not selected, then the contents of this folder will appear to be a part of the parent folder in Relate record navigation.  Folders are only shown in record navigation if they have visible content that applies to the current record and that the current user has permission to, regardless of how this setting is configured.
Show in record nav. (Connect)	If selected this folder will be shown in record navigation when viewing the record in Connect and elsewhere in the BlueStep platform (except HQ and Relate).  If not selected, then the contents of this folder will appear to be a part of the parent folder in Relate record navigation.  Folders are only shown in record navigation if they have visible content that applies to the current record and that the current user has permission to, regardless of how this setting is configured.