The New menu provides commands to create files and folders.

The New menu

The New Menu

New menu commands
Menu command Keystroke Description
New File...   Creates a new file using the New File dialog
New Blank File Ctrl+K, Ctrl+N Creates a new, unnamed document.
New Project...   Creates a new project using the New Project dialog.
New Blank Solution Ctrl+K, Ctrl+Shift+N Creates a new solution containing no projects.
New File Comparison Ctrl+T, F Creates a new file comparison window.
New Folder...   Creates a new folder underneath the currently selected item in the Project Explorer.