The description field will appear in the groups directory
Founding Date is optional
Meeting time can be something like "Third Mondays, 7pm"
The next box is for your mission statement or an extended description
You can set the membership type - I recommend "Open" or "Moderated"
Once people are a member of your group, they can post any blogs, wiki pages, forum posts, events to the group
You can choose whether your group shows up on the site-wide registration form. Right now any new users are automatically a part of the Florida Creatives group and can join others when they first sign up
I highly recommend keeping yourself in the Groups Directory
The Location is intended for the place where you meet, but if you have an office, that's even better, and you can set the meeting place when you create events
Your group can pull in RSS feeds using the aggregator, each user can have a blog, there is a forum created, you can create a wiki and associate it with the group and get rss feed or email notifications for any new postings, events or comments