Many of you might have faced the problem of getting a error message saying “The folder iTunes cannot be found or created”. It is not a big problem and you can fix it very easily. You will get it as soon as you start the iTunes. It is in fact a result for the reference to my music folder in my documents of your PC. You might be aware that My documents folder is that place where your files like Images, Video etc are placed. By default the iTunes creates a folder for itself in the my music folder so next time when it wants to access if it could not do so then it simply gives you this message which is an error.
So first you need to cross check the path of that My music directory in the windows registry. You can access the registry of windows from RUN [Windows+R], just type Regedit and press enter. Much easier way is to type my music in the search box and press F3. So now press find next which will generate two results of My music at two locations. You will find no information related to path for the test system. Now change the path to a correct and valid path by a double click on the My music key in the registry.
Mostly, HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\Shell Folders or
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Explorer\User Shell Folders will be the path entries for both locations so see that they point to a valid path to make your iTunes work. Once done with this change the iTunes will now successfully be able to create a folder for itself in the directory and obviously now you will get no such error message like before.