Geocap provide empty folder structure for various types of projects. This will give you a starting point to get organized with your own project. A project template either gives you a ready made folder structure, or it gives you a suite of folders to choose from.
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Create a new, empty project
File > New > Project
Select the General template
Give your project a proper name e.g. ExampleProject_1. Avoid special characters (except <space> _ and -) in these names.
Select a Directory for your project and observe the total project path, e.g. C:/tmp .
Click Next.
Select a Generic folder (or none at all)
Click Finish
Check out the folder structure on disk and observe the db-folder. This is where your project stores the main project file and an index file in addition to the project files. The main project file is now C:/tmp/ExampleProject_1/db/ExampleProject_1.db. Never alter or edit the content of this folder - your project may then get corrupted and unreadable.