A link list can be created in SharePoint to share web page links. To create a link list, go to site settings and click "Links" under the tracking heading. Required fields include the name and an optional description. Common actions that can be performed on lists include adding, removing, and modifying list items through the web interface, object model, or web services. A document library is a type of list that can store documents and allow searches within the documents. To create a document library, click "Site Actions" and select "Create" then choose the document library link and provide a name and description.